H World Group (NASDAQ:HTHT) Shares Gap Up – What’s Next?

H World Group Limited Sponsored ADR (NASDAQ:HTHT) gapped up prior to trading on Monday . The stock had previously closed at $41.88, but opened at $45.49. H World Group shares last traded at $45.6180, with a volume of 1,082,923 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HTHT. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings downgraded H World Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, H World Group presently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

H World Group Trading Up 9.8%

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 company’s fifty day moving average price is $42.30 and its two-hundred day moving average price is $47.51. The firm has a market cap of $14.15 billion, a PE ratio of 20.51, a P/E/G ratio of 1.52 and a beta of 0.15.

Institutional Investors Weigh In On H World Group

A number of institutional investors have recently added to or reduced their stakes in HTHT. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in H World Group by 10.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,340 shares of the company’s stock worth $11,390,000 after purchasing an additional 23,372 shares during the period. Aubrey Capital Management Ltd acquired a new stake in shares of H World Group in the 4th quarter valued at approximately $11,946,000. True Light Capital Pte. Ltd. acquired a new stake in shares of H World Group in the 4th quarter valued at approximately $37,602,000. AustralianSuper Pty Ltd acquired a new stake in shares of H World Group in the 4th quarter valued at approximately $6,438,000. Finally, KBC Group NV boosted its stake in shares of H World Group by 46.0% in the fourth quarter. KBC Group NV now owns 87,221 shares of the company’s stock valued at $4,104,000 after buying an additional 27,466 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

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.