H World Group (NASDAQ:HTHT) Shares Gap Down – Here’s What Happened

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) gapped down before the market opened on Monday . The stock had previously closed at $43.80, but opened at $41.84. H World Group shares last traded at $44.9850, with a volume of 1,163,469 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. HSBC raised H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Hsbc Global Res upgraded H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Weiss Ratings raised H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $40.80.

H World Group Price Performance

The firm has a market cap of $13.84 billion, a P/E ratio of 27.13, a PEG ratio of 1.83 and a beta of 0.33. 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 stock’s 50-day simple moving average is $39.06 and its two-hundred day simple moving average is $36.13.

H World Group Dividend Announcement

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

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas purchased a new position in shares of H World Group during the second quarter worth approximately $28,000. Brooklyn Investment Group bought a new stake in shares of H World Group in the first quarter valued at about $40,000. Hantz Financial Services Inc. grew its holdings in H World Group by 575.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock worth $49,000 after acquiring an additional 1,232 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of H World Group in the 1st quarter worth approximately $51,000. Institutional investors own 46.41% of the company’s stock.

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.