H World Group (NASDAQ:HTHT – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.
Several other research firms have also issued reports on HTHT. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research report on Monday, March 9th. Benchmark lifted their price target on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Finally, Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, H World Group has a consensus rating of “Moderate Buy” and an average price target of $61.20.
Check Out Our Latest Stock Analysis on H World Group
H World Group Stock Performance
H World Group (NASDAQ:HTHT – Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $932.62 million during the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%. On average, equities analysts expect that H World Group will post 2.47 EPS for the current fiscal year.
Insiders Place Their Bets
In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 49.40% of the company’s stock.
Hedge Funds Weigh In On H World Group
A number of hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group raised its position in H World Group by 5.5% in the 3rd quarter. Schroder Investment Management Group now owns 13,177,593 shares of the company’s stock worth $515,376,000 after buying an additional 690,149 shares during the last quarter. Capital International Investors raised its position in H World Group by 71.8% in the 4th quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock worth $392,143,000 after buying an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its position in H World Group by 49.6% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock worth $174,263,000 after buying an additional 1,228,617 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in H World Group in the 3rd quarter worth about $87,153,000. Finally, Generation Investment Management LLP raised its position in H World Group by 0.3% in the 3rd quarter. Generation Investment Management LLP now owns 1,492,241 shares of the company’s stock worth $58,362,000 after buying an additional 4,428 shares during the last quarter. Hedge funds and other institutional investors 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.
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