H World Group (NASDAQ:HTHT) Price Target Lowered to $48.00 at Benchmark

H World Group (NASDAQ:HTHT) had its price target cut by Benchmark from $53.00 to $48.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

H World Group Stock Performance

NASDAQ HTHT opened at $32.17 on Wednesday. The company’s 50 day simple moving average is $36.96 and its two-hundred day simple moving average is $33.95. The stock has a market capitalization of $10.50 billion, a PE ratio of 19.41, a P/E/G ratio of 0.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.96. H World Group has a 1 year low of $27.03 and a 1 year high of $42.98.

Hedge Funds Weigh In On H World Group

A number of institutional investors have recently added to or reduced their stakes in the business. Temasek Holdings Private Ltd purchased a new position in shares of H World Group during the third quarter worth about $81,840,000. TT International Asset Management LTD bought a new position in shares of H World Group in the 3rd quarter worth $24,915,000. Public Sector Pension Investment Board raised its position in shares of H World Group by 724.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock valued at $19,022,000 after buying an additional 501,634 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of H World Group during the 2nd quarter worth $10,886,000. Finally, Van ECK Associates Corp grew its position in H World Group by 47,317.1% in the second quarter. Van ECK Associates Corp now owns 97,205 shares of the company’s stock worth $3,239,000 after acquiring an additional 97,000 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors.

About H World Group

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.