H World Group (NASDAQ:HTHT) Rating Lowered to Hold at Wall Street Zen

H World Group (NASDAQ:HTHT) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also recently issued reports on HTHT. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings cut H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, H World Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

H World Group Price Performance

H World Group stock opened at $42.69 on Friday. The firm has a market capitalization of $13.13 billion, a P/E ratio of 19.14, a PEG ratio of 1.55 and a beta of 0.15. H World Group has a one year low of $30.41 and a one year high of $56.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $42.80 and a 200-day moving average price of $48.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new stake in H World Group during the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC grew its position in H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after buying an additional 649 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in H World Group in the 3rd quarter worth about $66,000. Osaic Holdings Inc. increased its stake in H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after acquiring an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

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.