Analysts Set H World Group Limited Sponsored ADR (NASDAQ:HTHT) PT at $61.20

H World Group Limited Sponsored ADR (NASDAQ:HTHT) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $61.20.

A number of brokerages have recently issued reports on HTHT. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective for the company in a research note on Monday, March 9th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Benchmark raised their target price on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 19th.

Hedge Funds Weigh In On H World Group

Several institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group grew its stake in H World Group by 5.5% during the third quarter. Schroder Investment Management Group now owns 13,177,593 shares of the company’s stock valued at $515,376,000 after acquiring an additional 690,149 shares in the last quarter. Capital International Investors grew its stake in H World Group by 71.8% during the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock valued at $392,143,000 after acquiring an additional 3,483,760 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its stake in H World Group by 49.6% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock valued at $174,263,000 after acquiring an additional 1,228,617 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in H World Group during the third quarter valued at $87,153,000. Finally, Renaissance Technologies LLC grew its stake in H World Group by 11.1% during the first quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company’s stock valued at $70,013,000 after acquiring an additional 139,300 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

Shares of NASDAQ HTHT opened at $41.72 on Friday. The firm has a fifty day moving average price of $46.14 and a 200-day moving average price of $49.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $12.83 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.11. H World Group has a 1 year low of $30.41 and a 1 year high of $56.63.

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.