JPMorgan Chase & Co. Boosts H World Group (NASDAQ:HTHT) Price Target to $48.00

H World Group (NASDAQ:HTHT) had its price objective boosted by JPMorgan Chase & Co. from $45.00 to $48.00 in a report issued on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on HTHT. Bank of America decreased their target price on H World Group from $51.00 to $43.00 and set a buy rating for the company in a research report on Wednesday, March 13th. Macquarie started coverage on H World Group in a report on Friday, April 19th. They issued an outperform rating and a $48.00 price objective for the company. CLSA began coverage on shares of H World Group in a report on Friday, April 26th. They set a buy rating and a $47.00 price objective on the stock. Finally, Benchmark reiterated a buy rating and set a $64.00 target price on shares of H World Group in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $50.00.

H World Group Stock Performance

HTHT opened at $36.05 on Tuesday. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.22 and a beta of 0.93. The company’s fifty day moving average price is $39.17 and its two-hundred day moving average price is $36.18. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. H World Group has a 1-year low of $30.20 and a 1-year high of $48.84.

H World Group (NASDAQ:HTHT) last released its earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. H World Group had a net margin of 16.47% and a return on equity of 28.59%. The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $759.99 million. On average, analysts expect that H World Group will post 2 EPS for the current fiscal year.

Institutional Trading of H World Group

A number of institutional investors have recently added to or reduced their stakes in HTHT. Nordea Investment Management AB lifted its holdings in shares of H World Group by 344.7% in the fourth quarter. Nordea Investment Management AB now owns 367,343 shares of the company’s stock worth $12,324,000 after buying an additional 284,742 shares in the last quarter. AI Squared Management Ltd purchased a new stake in H World Group in the 4th quarter worth approximately $1,990,000. American Century Companies Inc. boosted its holdings in H World Group by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 2,057,059 shares of the company’s stock valued at $81,110,000 after purchasing an additional 116,641 shares during the period. Trexquant Investment LP increased its holdings in shares of H World Group by 31.8% in the fourth quarter. Trexquant Investment LP now owns 235,828 shares of the company’s stock worth $7,886,000 after purchasing an additional 56,896 shares during the period. Finally, AIA Group Ltd increased its holdings in shares of H World Group by 5.8% in the fourth quarter. AIA Group Ltd now owns 285,062 shares of the company’s stock worth $9,532,000 after purchasing an additional 15,502 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

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.