H World Group Limited Sponsored ADR (NASDAQ:HTHT) Stock Has Average Target Price of $61.20 According to Analysts

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $61.20.

Several analysts have commented on the stock. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Benchmark restated a “buy” rating on shares of H World Group in a report on Tuesday, August 18th. Finally, Weiss Ratings raised shares of H World Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th.

H World Group Price Performance

HTHT opened at $42.67 on Friday. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.49 and a beta of 0.14. H World Group has a 1 year low of $36.56 and a 1 year high of $56.63. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $44.19 and a 200 day moving average price of $45.57.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Monday, August 17th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. H World Group had a return on equity of 41.05% and a net margin of 18.90%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. Analysts forecast that H World Group will post 2.6 EPS for the current fiscal year.

H World Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a $0.87 dividend. This is a decrease from H World Group’s previous dividend of $1.30. This represents a dividend yield of 394.0%. The ex-dividend date of this dividend was Tuesday, September 8th. H World Group’s payout ratio is presently 74.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HTHT. Capital International Investors grew its holdings in H World Group by 71.8% during the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock valued at $392,143,000 after purchasing an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its position in H World Group by 49.6% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock worth $174,263,000 after acquiring an additional 1,228,617 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in H World Group by 11.1% during the first quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company’s stock valued at $70,013,000 after acquiring an additional 139,300 shares during the period. Hsbc Holdings PLC boosted its holdings in H World Group by 44.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock valued at $55,644,000 after acquiring an additional 365,659 shares during the period. Finally, Capital International Inc. CA boosted its holdings in H World Group by 406.9% during the fourth quarter. Capital International Inc. CA now owns 840,173 shares of the company’s stock valued at $39,530,000 after acquiring an additional 674,438 shares during the period. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Company Profile

H World Group Limited is a hospitality company that develops, owns, leases, manages and franchises a portfolio of hotels. The company operates across multiple market segments, offering economy, midscale, upscale and luxury accommodations under a range of proprietary and internationally recognized brands.

Its Chinese portfolio includes brands such as HanTing Hotel, Hi Inn, Elan Hotel, Ji Hotel, Orange Hotel, Starway Hotel and Manxin Hotel. Through its international operations, H World also manages brands associated with Steigenberger Hotels AG, including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.