H World Group (NASDAQ:HTHT) Downgraded to Hold Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of H World Group (NASDAQ:HTHT - Free Report) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Benchmark cut their price objective on shares of H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.40.

H World Group Trading Up 1.6 %

Shares of HTHT stock traded up $0.52 during mid-day trading on Tuesday, hitting $33.09. 737,659 shares of the company's stock were exchanged, compared to its average volume of 1,976,751. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.09 and a beta of 0.70. The stock has a 50-day simple moving average of $32.59 and a two-hundred day simple moving average of $33.16. H World Group has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the previous year, the company earned $0.56 EPS. Equities analysts expect that H World Group will post 1.65 EPS for the current fiscal year.

Hedge Funds Weigh In On H World Group

Several large investors have recently modified their holdings of HTHT. Blue Trust Inc. increased its stake in H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares during the last quarter. Rhumbline Advisers grew its position in shares of H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after buying an additional 791 shares during the last quarter. US Bancorp DE raised its stake in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after acquiring an additional 845 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after acquiring an additional 936 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in H World Group in the fourth quarter valued at approximately $33,000. 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.