H World Group (NASDAQ:HTHT) Hits New 52-Week High – Time to Buy?

H World Group Limited Sponsored ADR (NASDAQ:HTHT) hit a new 52-week high on Friday . The company traded as high as $51.73 and last traded at $51.7440, with a volume of 1799827 shares traded. The stock had previously closed at $50.50.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. Benchmark increased their target price 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, Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

H World Group Stock Performance

The stock has a fifty day moving average of $48.63 and a 200-day moving average of $41.67. The firm has a market capitalization of $15.99 billion, a P/E ratio of 29.84, a P/E/G ratio of 1.21 and a beta of 0.16. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On H World Group

A number of large investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its position in shares of H World Group by 11,890.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,393 shares of the company’s stock valued at $395,000 after acquiring an additional 8,323 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of H World Group by 134.1% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 842,822 shares of the company’s stock worth $39,655,000 after purchasing an additional 482,822 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of H World Group by 85.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,339 shares of the company’s stock worth $157,000 after purchasing an additional 1,542 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of H World Group during the 4th quarter worth approximately $1,161,000. Finally, True Light Capital Pte. Ltd. acquired a new stake in shares of H World Group in the 4th quarter valued at approximately $37,602,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

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.