H World Group (NASDAQ:HTHT - Get Free Report) had its target price dropped by equities research analysts at Benchmark from $53.00 to $48.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Benchmark's price target would suggest a potential upside of 49.77% from the company's previous close.
H World Group Trading Down 3.2 %
NASDAQ HTHT traded down $1.05 on Wednesday, hitting $32.05. The company's stock had a trading volume of 4,075,572 shares, compared to its average volume of 1,883,873. The firm has a market cap of $10.47 billion, a P/E ratio of 20.18, a PEG ratio of 1.07 and a beta of 0.77. H World Group has a 52-week low of $27.03 and a 52-week high of $42.98. The company's 50-day simple moving average is $36.85 and its 200 day simple moving average is $33.98. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of H World Group by 716.7% during the second quarter. Blue Trust Inc. now owns 1,225 shares of the company's stock valued at $41,000 after buying an additional 1,075 shares during the period. Headlands Technologies LLC bought a new stake in H World Group during the second quarter worth about $91,000. Greenleaf Trust purchased a new stake in H World Group in the third quarter worth about $210,000. Jupiter Asset Management Ltd. bought a new position in shares of H World Group during the second quarter valued at approximately $373,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of H World Group during the third quarter valued at approximately $418,000. 46.41% of the stock is owned by hedge funds and other institutional investors.
About H World Group
(
Get Free Report)
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.
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