H World Group (NASDAQ:HTHT) Shares Gap Up - Here's Why

H World Group Limited (NASDAQ:HTHT - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $37.01, but opened at $38.10. H World Group shares last traded at $37.16, with a volume of 175,956 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HTHT. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a report on Wednesday, February 5th. Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, H World Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.68.

H World Group Stock Down 10.0 %

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 business has a 50 day simple moving average of $35.68 and a 200 day simple moving average of $35.11. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.95 per share. This is an increase from H World Group's previous -- dividend of $0.34. This represents a yield of 4.1%. The ex-dividend date is Wednesday, April 9th. H World Group's dividend payout ratio is presently 141.79%.

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Hedge Funds Weigh In On H World Group

Institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. acquired a new position in H World Group during the 4th quarter worth $33,000. US Bancorp DE grew its position in shares of 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 buying an additional 845 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in H World Group during the 4th quarter worth about $196,000. Finally, Confluence Investment Management LLC purchased a new position in shares of H World Group in the 1st quarter valued at about $209,000. Institutional investors and hedge funds 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.