Brokerages Set H World Group Limited Sponsored ADR (NASDAQ:HTHT) Target Price at $47.00

H World Group Limited Sponsored ADR (NASDAQ:HTHT) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.00.

HTHT has been the subject of a number of research analyst reports. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. Wall Street Zen downgraded H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Benchmark boosted their price objective on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th.

H World Group Trading Down 0.1%

Shares of HTHT opened at $54.52 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.79 billion, a PE ratio of 31.33, a PEG ratio of 1.27 and a beta of 0.16. H World Group has a 1 year low of $30.20 and a 1 year high of $55.50. The stock has a 50 day simple moving average of $50.17 and a 200-day simple moving average of $43.61.

Institutional Investors Weigh In On H World Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. bought a new position in shares of H World Group in the fourth quarter worth about $307,000. Vident Advisory LLC increased its holdings in shares of H World Group by 15.2% in the fourth quarter. Vident Advisory LLC now owns 18,900 shares of the company’s stock valued at $889,000 after purchasing an additional 2,496 shares in the last quarter. Mackenzie Financial Corp raised its position in H World Group by 208.5% in the 4th quarter. Mackenzie Financial Corp now owns 486,857 shares of the company’s stock worth $22,828,000 after purchasing an additional 329,026 shares during the last quarter. Voloridge Investment Management LLC bought a new position in H World Group in the 4th quarter worth approximately $369,000. Finally, Guggenheim Capital LLC lifted its holdings in H World Group by 33.3% during the 4th quarter. Guggenheim Capital LLC now owns 9,585 shares of the company’s stock worth $451,000 after buying an additional 2,393 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, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.