Brokerages Set H World Group Limited Sponsored ADR (NASDAQ:HTHT) Target Price at $61.20

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $61.20.

Several research analysts recently issued reports on HTHT shares. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th.

Hedge Funds Weigh In On H World Group

Several hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in H World Group by 10.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,340 shares of the company’s stock worth $11,390,000 after purchasing an additional 23,372 shares during the last quarter. Aubrey Capital Management Ltd bought a new position in H World Group during the fourth quarter valued at about $11,946,000. AustralianSuper Pty Ltd purchased a new stake in H World Group during the fourth quarter worth about $6,438,000. True Light Capital Pte. Ltd. bought a new stake in H World Group in the fourth quarter worth about $37,602,000. Finally, BOCHK Asset Management Ltd bought a new position in shares of H World Group during the 4th quarter valued at approximately $659,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Performance

HTHT opened at $41.83 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. H World Group has a 1-year low of $30.41 and a 1-year high of $56.63. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.13 and a beta of 0.13. The company’s fifty day moving average price is $43.06 and its two-hundred day moving average price is $48.23.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.