H World Group (NASDAQ:HTHT) Lowered to Hold Rating by Zacks Research

H World Group (NASDAQ:HTHT) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

HTHT has been the subject of a number of other reports. Benchmark upped their price objective on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, H World Group presently has an average rating of “Buy” and an average price target of $42.13.

H World Group Price Performance

NASDAQ HTHT opened at $50.90 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $15.67 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.13 and a beta of 0.14. H World Group has a 12-month low of $30.13 and a 12-month high of $51.06. The company has a 50 day moving average price of $45.82 and a two-hundred day moving average price of $39.17.

Institutional Trading of H World Group

Institutional investors have recently modified their holdings of the company. Nordea Investment Management AB lifted its position in H World Group by 40.2% in the second quarter. Nordea Investment Management AB now owns 790,947 shares of the company’s stock worth $26,865,000 after purchasing an additional 226,865 shares during the period. Rovida Advisors Inc. acquired a new position in shares of H World Group in the 2nd quarter valued at $8,480,000. US Bancorp DE lifted its holdings in shares of H World Group by 221.3% during the 2nd quarter. US Bancorp DE now owns 21,207 shares of the company’s stock worth $719,000 after acquiring an additional 14,607 shares during the period. Schroder Investment Management Group boosted its position in shares of H World Group by 95.0% during the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after acquiring an additional 6,082,369 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in H World Group in the second quarter valued at about $5,997,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

About H World Group

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.