H World Group (NASDAQ:HTHT) Shares Gap Down - What's Next?

H World Group Limited (NASDAQ:HTHT - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $34.01, but opened at $33.31. H World Group shares last traded at $33.47, with a volume of 125,292 shares traded.

Analyst Ratings Changes

Separately, Benchmark cut their price target on H World Group from $53.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $46.80.

H World Group Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The company's fifty day moving average price is $35.29 and its 200 day moving average price is $33.33. The company has a market cap of $10.91 billion, a PE ratio of 20.25, a P/E/G ratio of 1.09 and a beta of 0.74.

Hedge Funds Weigh In On H World Group

Several institutional investors have recently modified their holdings of HTHT. Headlands Technologies LLC purchased a new position in H World Group in the second quarter valued at about $91,000. Blue Trust Inc. raised its holdings in shares of H World Group by 293.2% in the 3rd quarter. Blue Trust Inc. now owns 4,817 shares of the company's stock worth $179,000 after purchasing an additional 3,592 shares during the period. Greenleaf Trust purchased a new position in H World Group in the third quarter valued at approximately $210,000. Jupiter Asset Management Ltd. bought a new position in H World Group during the second quarter valued at $373,000. Finally, Point72 Hong Kong Ltd purchased a new stake in H World Group in the third quarter worth $418,000. 46.41% of the stock is owned by institutional investors.

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.