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

H World Group Limited (NASDAQ:HTHT) gapped down prior to trading on Wednesday . The stock had previously closed at $32.08, but opened at $30.84. H World Group shares last traded at $30.87, with a volume of 153,398 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price on the stock. in a research report on Wednesday. Benchmark dropped their target price on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, H World Group currently has an average rating of “Moderate Buy” and a consensus target price of $44.40.

H World Group Trading Down 5.3 %

The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $32.61 and a 200-day moving average price of $33.14.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business earned $0.56 EPS. On average, equities research analysts predict that H World Group Limited will post 1.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in H World Group by 293.2% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock valued at $179,000 after purchasing an additional 3,592 shares during the last quarter. Greenleaf Trust bought a new stake in H World Group in the third quarter valued at about $210,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after purchasing an additional 936 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of H World Group in the third quarter worth about $418,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of H World Group in the third quarter worth about $450,000. 46.41% of the stock is owned by 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.