Hsbc Global Res Downgrades H World Group (NASDAQ:HTHT) to Hold

Hsbc Global Res downgraded shares of H World Group (NASDAQ:HTHT) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on the stock. HSBC lowered shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research report on Wednesday. Benchmark decreased 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.40.

H World Group Price Performance

NASDAQ HTHT opened at $31.50 on Tuesday. The stock has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $33.11. H World Group has a twelve month low of $27.03 and a twelve month high of $42.98. The stock has a market capitalization of $9.87 billion, a PE ratio of 19.09, a P/E/G ratio of 1.11 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same period last year, the business earned $0.56 EPS. Research analysts anticipate that H World Group will post 1.65 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after purchasing an additional 650 shares in the last quarter. Rhumbline Advisers grew its position in H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock valued at $1,146,000 after acquiring an additional 791 shares during the period. US Bancorp DE raised its stake in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock worth $160,000 after acquiring an additional 845 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after acquiring an additional 936 shares in the last quarter. Finally, abrdn plc lifted its holdings in shares of H World Group by 1.6% during the fourth quarter. abrdn plc now owns 114,030 shares of the company’s stock valued at $3,791,000 after acquiring an additional 1,751 shares during the period. Institutional investors and hedge funds 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.