H World Group (NASDAQ:HTHT) Hits New 52-Week High – Here’s Why

H World Group Limited Sponsored ADR (NASDAQ:HTHT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $51.01 and last traded at $50.2880, with a volume of 185751 shares trading hands. The stock had previously closed at $48.56.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Benchmark increased their target price on shares of H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. HSBC raised H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, H World Group has an average rating of “Buy” and a consensus price target of $42.13.

H World Group Price Performance

The company has a market cap of $15.57 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.12 and a beta of 0.14. The company’s 50 day moving average price is $45.56 and its 200 day moving average price is $39.05. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

Institutional Trading of H World Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. Swiss Life Asset Management Ltd raised its position in shares of H World Group by 21.8% in the third quarter. Swiss Life Asset Management Ltd now owns 26,516 shares of the company’s stock valued at $1,037,000 after buying an additional 4,738 shares during the last quarter. Danske Bank A S acquired a new position in H World Group in the third quarter valued at $2,298,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of H World Group during the 3rd quarter valued at about $66,000. XTX Topco Ltd purchased a new position in shares of H World Group during the 3rd quarter worth about $1,298,000. Finally, National Bank of Canada FI raised its stake in H World Group by 2.3% during the third quarter. National Bank of Canada FI now owns 1,049,400 shares of the company’s stock worth $41,042,000 after purchasing an additional 23,480 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, 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.