H World Group (NASDAQ:HTHT) Shares Gap Down to $39.42

H World Group Limited (NASDAQ:HTHT)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $39.42, but opened at $37.71. H World Group shares last traded at $37.62, with a volume of 382,966 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on HTHT shares. 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. Bank of America lowered their price target on shares of 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. CLSA started coverage on shares of H World Group in a research note on Friday. They issued a “buy” rating and a $47.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of H World Group from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, Macquarie began coverage on shares of 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.40.

H World Group Stock Performance

The business’s fifty day moving average price is $38.11 and its two-hundred day moving average price is $35.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $12.12 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.33 and a beta of 0.92.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $786.00 million for the quarter, compared to the consensus estimate of $759.99 million. H World Group had a net margin of 18.62% and a return on equity of 31.50%. As a group, sell-side analysts forecast that H World Group Limited will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On H World Group

Several hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its position in H World Group by 4.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 37,514 shares of the company’s stock valued at $1,479,000 after buying an additional 1,610 shares during the period. Handelsbanken Fonder AB increased its stake in H World Group by 1.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 82,800 shares of the company’s stock valued at $3,265,000 after purchasing an additional 1,200 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of H World Group by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 215,847 shares of the company’s stock worth $8,511,000 after acquiring an additional 7,236 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of H World Group by 75.9% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 25,500 shares of the company’s stock worth $1,005,000 after acquiring an additional 11,000 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in shares of H World Group by 57.1% in the third quarter. IFM Investors Pty Ltd now owns 13,568 shares of the company’s stock worth $535,000 after acquiring an additional 4,929 shares during the period. 46.41% of the stock is currently owned by institutional investors.

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.