H World Group (NASDAQ:HTHT) Hits New 52-Week High – What’s Next?

H World Group Limited Sponsored ADR (NASDAQ:HTHT)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $46.19 and last traded at $46.39, with a volume of 253259 shares. The stock had previously closed at $45.39.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HTHT. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. HSBC raised H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, H World Group presently has a consensus rating of “Buy” and an average target price of $42.13.

H World Group Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.83 and a beta of 0.33. The firm has a 50 day simple moving average of $40.30 and a 200-day simple moving average of $36.64.

Institutional Trading of H World Group

Several institutional investors and hedge funds have recently bought and sold shares of HTHT. Envestnet Asset Management Inc. increased its position in shares of H World Group by 51.6% during the first quarter. Envestnet Asset Management Inc. now owns 14,316 shares of the company’s stock valued at $530,000 after acquiring an additional 4,870 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of H World Group by 2.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company’s stock worth $1,462,000 after purchasing an additional 800 shares during the period. Fiera Capital Corp boosted its position in shares of H World Group by 20.3% during the 1st quarter. Fiera Capital Corp now owns 115,497 shares of the company’s stock worth $4,275,000 after purchasing an additional 19,471 shares during the period. XTX Topco Ltd increased its holdings in H World Group by 14.0% in the 1st quarter. XTX Topco Ltd now owns 34,613 shares of the company’s stock valued at $1,281,000 after purchasing an additional 4,244 shares during the last quarter. Finally, US Bancorp DE raised its position in H World Group by 36.4% in the first quarter. US Bancorp DE now owns 6,600 shares of the company’s stock valued at $244,000 after purchasing an additional 1,761 shares during the period. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Company Profile

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.