H World Group (NASDAQ:HTHT) Trading Down 5.7% – What’s Next?

H World Group Limited (NASDAQ:HTHT)’s share price traded down 5.7% on Tuesday . The stock traded as low as $34.47 and last traded at $34.52. 248,370 shares traded hands during trading, a decline of 87% from the average session volume of 1,909,691 shares. The stock had previously closed at $36.60.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased their price target on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $46.80.

H World Group Price Performance

The company has a 50 day moving average of $36.94 and a two-hundred day moving average of $33.56. The firm has a market cap of $11.11 billion, a P/E ratio of 20.92, a PEG ratio of 1.05 and a beta of 0.74. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in shares of H World Group by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 36,662 shares of the company’s stock valued at $1,419,000 after purchasing an additional 636 shares during the period. Blue Trust Inc. increased its position in shares of H World Group by 716.7% in the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after acquiring an additional 1,075 shares in the last quarter. Summit Global Investments acquired a new stake in shares of H World Group during the second quarter valued at approximately $1,126,000. Bank of New York Mellon Corp lifted its position in shares of H World Group by 30.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 215,003 shares of the company’s stock valued at $7,164,000 after acquiring an additional 50,128 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in H World Group by 104.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 20,782 shares of the company’s stock worth $692,000 after purchasing an additional 10,605 shares during the period. Institutional investors and hedge funds own 46.41% of the company’s stock.

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.