H World Group (NASDAQ:HTHT) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of H World Group (NASDAQ:HTHT) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

HTHT has been the topic of a number of other research reports. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Finally, Benchmark raised their price objective on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $54.80.

H World Group Trading Down 0.8%

NASDAQ HTHT opened at $49.75 on Monday. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.09 and a beta of 0.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. H World Group has a one year low of $30.20 and a one year high of $56.63. The company’s 50 day moving average price is $51.32 and its 200 day moving average price is $45.82.

H World Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th will be given a dividend of $1.30 per share. This represents a dividend yield of 518.0%. The ex-dividend date of this dividend is Monday, May 4th. H World Group’s payout ratio is presently 70.22%.

Insider Buying and Selling at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 49.40% of the company’s stock.

Hedge Funds Weigh In On H World Group

Institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new stake in shares of H World Group during the fourth quarter valued at about $45,000. EverSource Wealth Advisors LLC lifted its stake in shares of H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after acquiring an additional 649 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in H World Group in the third quarter valued at about $66,000. PNC Financial Services Group Inc. boosted its holdings in H World Group by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after purchasing an additional 968 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after purchasing an additional 2,037 shares in the last quarter. Institutional investors and hedge funds 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.