H World Group (NASDAQ:HTHT) Trading Down 4.6% – Time to Sell?

H World Group Limited (NASDAQ:HTHT)’s stock price traded down 4.6% on Tuesday . The company traded as low as $33.09 and last traded at $33.54. 615,477 shares changed hands during trading, a decline of 67% from the average session volume of 1,859,756 shares. The stock had previously closed at $35.17.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $46.80.

H World Group Trading Down 3.2 %

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market cap of $10.46 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.07 and a beta of 0.77. The firm has a 50 day simple moving average of $36.85 and a 200 day simple moving average of $33.98.

Hedge Funds Weigh In On H World Group

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in H World Group by 716.7% in the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after purchasing an additional 1,075 shares during the period. Headlands Technologies LLC bought a new stake in H World Group during the second quarter valued at $91,000. Greenleaf Trust purchased a new position in H World Group during the third quarter worth about $210,000. Jupiter Asset Management Ltd. purchased a new position in H World Group during the second quarter worth about $373,000. Finally, Point72 Hong Kong Ltd bought a new position in H World Group in the 3rd quarter worth about $418,000. Hedge funds and other 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.