H World Group (NASDAQ:HTHT) Upgraded at Hsbc Global Res

H World Group (NASDAQ:HTHT) was upgraded by research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Zacks Research upgraded shares of H World Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “hold (c+)” rating on shares of H World Group in a report on Tuesday, October 14th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

H World Group Price Performance

Shares of NASDAQ:HTHT opened at $38.74 on Monday. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 1.85 and a beta of 0.35. H World Group has a 1 year low of $30.13 and a 1 year high of $40.56. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $37.60 and a 200 day simple moving average of $35.41.

Hedge Funds Weigh In On H World Group

Several large investors have recently added to or reduced their stakes in HTHT. Schroder Investment Management Group lifted its position in H World Group by 95.0% in the second quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock worth $423,574,000 after purchasing an additional 6,082,369 shares during the period. Temasek Holdings Private Ltd raised its stake in shares of H World Group by 66.5% in the 1st quarter. Temasek Holdings Private Ltd now owns 6,856,300 shares of the company’s stock valued at $253,752,000 after buying an additional 2,738,772 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of H World Group by 42.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,606,258 shares of the company’s stock worth $190,164,000 after acquiring an additional 1,679,440 shares during the period. Generation Investment Management LLP lifted its holdings in shares of H World Group by 8.2% during the 1st quarter. Generation Investment Management LLP now owns 5,213,875 shares of the company’s stock worth $192,966,000 after acquiring an additional 395,042 shares during the period. Finally, WFM ASIA BVI Ltd boosted its position in shares of H World Group by 65.8% during the 2nd quarter. WFM ASIA BVI Ltd now owns 3,035,416 shares of the company’s stock valued at $102,961,000 after acquiring an additional 1,204,300 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

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.