H World Group (NASDAQ:HTHT) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of H World Group (NASDAQ:HTHT) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Other equities analysts have also issued reports about the stock. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Hsbc Global Res upgraded H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Zacks Research raised H World Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of H World Group in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, H World Group presently has an average rating of “Moderate Buy” and a consensus price target of $40.80.

H World Group Trading Up 2.0%

Shares of HTHT stock traded up $0.82 on Friday, hitting $41.07. 1,187,378 shares of the stock traded hands, compared to its average volume of 1,980,246. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. H World Group has a twelve month low of $30.13 and a twelve month high of $41.30. The firm’s 50-day moving average price is $38.26 and its two-hundred day moving average price is $35.76. The stock has a market capitalization of $12.65 billion, a PE ratio of 24.74, a PEG ratio of 1.83 and a beta of 0.33.

H World Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 9th were issued a $0.79 dividend. This represents a dividend yield of 435.0%. The ex-dividend date was Tuesday, September 9th. H World Group’s payout ratio is currently 95.18%.

Hedge Funds Weigh In On H World Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HTHT. State of New Jersey Common Pension Fund D increased its stake in H World Group by 10.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 281,104 shares of the company’s stock worth $10,994,000 after purchasing an additional 26,301 shares during the period. Shell Asset Management Co. grew its holdings in shares of H World Group by 255.1% in the third quarter. Shell Asset Management Co. now owns 7,099 shares of the company’s stock valued at $278,000 after purchasing an additional 5,100 shares in the last quarter. Aberdeen Group plc increased its stake in H World Group by 3.7% during the 3rd quarter. Aberdeen Group plc now owns 50,394 shares of the company’s stock worth $1,971,000 after buying an additional 1,789 shares during the period. Rhumbline Advisers boosted its position in H World Group by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock valued at $1,068,000 after buying an additional 352 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of H World Group by 453.6% in the third quarter. Hantz Financial Services Inc. now owns 8,005 shares of the company’s stock worth $313,000 after acquiring an additional 6,559 shares in the last quarter. 46.41% of the stock is currently owned by hedge funds and other 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.