H World Group (NASDAQ:HTHT) Hits New 1-Year High – What’s Next?

H World Group Limited Sponsored ADR (NASDAQ:HTHT) reached a new 52-week high during trading on Thursday . The stock traded as high as $54.57 and last traded at $54.1240, with a volume of 339270 shares changing hands. The stock had previously closed at $53.20.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HTHT shares. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Benchmark upped their price objective on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

H World Group Stock Down 1.5%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a market capitalization of $16.17 billion, a P/E ratio of 30.19, a PEG ratio of 1.24 and a beta of 0.16. The firm’s fifty day moving average price is $49.18 and its 200-day moving average price is $42.29.

Institutional Trading of H World Group

Hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in H World Group during the 4th quarter worth about $45,000. Hantz Financial Services Inc. lifted its position in shares of H World Group by 575.7% in the second quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock worth $49,000 after purchasing an additional 1,232 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 649 shares during the period. iA Global Asset Management Inc. grew its position in H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after purchasing an additional 277 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in H World Group during the third quarter valued at approximately $66,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

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.