H World Group (NASDAQ:HTHT) Cut to “Hold” at HSBC

HSBC downgraded shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research note released on Wednesday, MarketBeat.com reports. They currently have $32.40 price target on the stock.

Separately, Benchmark decreased their target price on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

H World Group Stock Performance

Shares of H World Group stock opened at $32.57 on Wednesday. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.11 and a beta of 0.70. The firm’s 50-day moving average is $32.58 and its 200 day moving average is $33.11. H World Group has a 1 year low of $27.03 and a 1 year high of $42.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Sell-side analysts anticipate that H World Group will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On H World Group

Several hedge funds and other institutional investors have recently made changes to their positions in HTHT. Creative Planning increased its position in shares of H World Group by 22.6% during the 2nd quarter. Creative Planning now owns 12,964 shares of the company’s stock valued at $432,000 after purchasing an additional 2,394 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of H World Group by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company’s stock valued at $2,493,000 after acquiring an additional 950 shares during the period. Blue Trust Inc. grew its stake in shares of H World Group by 293.2% during the 3rd quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock valued at $179,000 after acquiring an additional 3,592 shares during the period. Greenleaf Trust bought a new position in shares of H World Group during the 3rd quarter valued at approximately $210,000. Finally, abrdn plc grew its stake in shares of H World Group by 38.9% during the 3rd quarter. abrdn plc now owns 112,279 shares of the company’s stock valued at $4,263,000 after acquiring an additional 31,431 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.