H World Group (NASDAQ:HTHT) Cut to Hold at HSBC

HSBC downgraded shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a report released on Wednesday, Marketbeat.com reports. HSBC currently has $32.40 price target on the stock.

Separately, Benchmark dropped their price target 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.40.

H World Group Price Performance

Shares of NASDAQ:HTHT opened at $30.73 on Wednesday. The business has a 50-day simple moving average of $32.59 and a two-hundred day simple moving average of $33.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70. H World Group has a fifty-two week low of $27.03 and a fifty-two week high of $42.98.

H World Group (NASDAQ:HTHT) last issued 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 in the prior year, the company posted $0.56 EPS. On average, analysts expect that H World Group will post 1.65 earnings per share for the current year.

Institutional Trading of H World Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. US Bancorp DE boosted its stake in shares of H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock worth $160,000 after acquiring an additional 845 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in H World Group in the 4th quarter worth $1,597,000. Bank of New York Mellon Corp lifted its position in H World Group by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 203,418 shares of the company’s stock valued at $6,719,000 after purchasing an additional 6,477 shares in the last quarter. Waverton Investment Management Ltd bought a new stake in H World Group during the fourth quarter valued at about $6,076,000. Finally, Handelsbanken Fonder AB increased its position in H World Group by 3.8% in the fourth quarter. Handelsbanken Fonder AB now owns 69,576 shares of the company’s stock worth $2,298,000 after buying an additional 2,572 shares in the last quarter. 46.41% of the stock is 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.