Hsbc Global Res Downgrades H World Group (NASDAQ:HTHT) to Hold

H World Group (NASDAQ:HTHT) was downgraded by stock analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on the company. Benchmark lowered their target price on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.40.

H World Group Stock Up 2.5 %

H World Group stock opened at $31.50 on Tuesday. The firm has a market capitalization of $9.87 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.11 and a beta of 0.70. The stock’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $33.11. H World Group has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). H World Group had a net margin of 15.97% and a return on equity of 30.41%. During the same quarter last year, the business earned $0.56 earnings per share. As a group, equities analysts expect that H World Group will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Fiera Capital Corp boosted its position in H World Group by 87.1% during the 3rd quarter. Fiera Capital Corp now owns 56,213 shares of the company’s stock valued at $2,091,000 after purchasing an additional 26,175 shares during the period. Headwater Capital Co Ltd acquired a new position in H World Group during the 4th quarter valued at approximately $9,909,000. Nordea Investment Management AB boosted its position in H World Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 508,422 shares of the company’s stock valued at $16,961,000 after purchasing an additional 51,213 shares during the period. TT International Asset Management LTD acquired a new position in H World Group during the 3rd quarter valued at approximately $24,915,000. Finally, Geode Capital Management LLC boosted its position in H World Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock valued at $47,455,000 after purchasing an additional 11,684 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.