Brokerages Set H World Group Limited Sponsored ADR (NASDAQ:HTHT) Price Target at $61.20

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) have been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $61.20.

A number of brokerages have commented on HTHT. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings downgraded H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Benchmark lifted their target price on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, UBS Group upgraded H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target on the stock in a research note on Monday, March 9th.

H World Group Trading Down 0.7%

HTHT opened at $42.14 on Friday. The firm’s 50 day moving average is $45.62 and its 200-day moving average is $49.05. H World Group has a 52-week low of $30.41 and a 52-week high of $56.63. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $12.96 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.17 and a beta of 0.13.

Hedge Funds Weigh In On H World Group

A number of institutional investors have recently made changes to their positions in the business. TD Private Client Wealth LLC acquired a new stake in shares of H World Group during the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC raised its holdings in H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after acquiring an additional 649 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after acquiring an additional 277 shares during the last quarter. Summit Securities Group LLC bought a new position in H World Group during the 1st quarter valued at $85,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in H World Group during the 3rd quarter worth $66,000. 46.41% of the stock is owned by institutional investors and hedge funds.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.