H World Group (NASDAQ:HTHT) Stock Price Down 2.3%

H World Group Limited (NASDAQ:HTHT) dropped 2.3% during trading on Monday . The stock traded as low as $39.05 and last traded at $39.12. Approximately 318,613 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,824,704 shares. The stock had previously closed at $40.06.

Wall Street Analyst Weigh In

HTHT has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Bank of America lowered their price target on H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Benchmark reissued a “buy” rating and issued a $64.00 price target on shares of H World Group in a research note on Friday, March 22nd. Macquarie initiated coverage on H World Group in a research note on Friday, April 19th. They issued an “outperform” rating and a $48.00 price target for the company. Finally, CLSA initiated coverage on H World Group in a research note on Friday. They issued a “buy” rating and a $47.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.40.

H World Group Stock Down 1.7 %

The stock has a market cap of $12.85 billion, a P/E ratio of 22.23, a PEG ratio of 1.33 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $38.06 and a 200-day simple moving average of $35.71.

H World Group (NASDAQ:HTHT) last announced its earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $759.99 million. H World Group had a return on equity of 31.50% and a net margin of 18.62%. Analysts expect that H World Group Limited will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HTHT. Federated Hermes Inc. acquired a new position in shares of H World Group during the third quarter worth approximately $72,809,000. Norges Bank acquired a new position in shares of H World Group during the fourth quarter worth approximately $46,460,000. Schroder Investment Management Group lifted its holdings in shares of H World Group by 6.8% during the fourth quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock worth $548,080,000 after buying an additional 1,039,888 shares during the last quarter. Broad Peak Investment Holdings Ltd. lifted its holdings in shares of H World Group by 110.7% during the third quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company’s stock worth $53,656,000 after buying an additional 714,801 shares during the last quarter. Finally, Zeal Asset Management Ltd acquired a new position in shares of H World Group during the third quarter worth approximately $26,282,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Company Profile

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.