H World Group (NASDAQ:HTHT) Stock Crosses Above 200 Day Moving Average - Here's What Happened

H World Group Limited (NASDAQ:HTHT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.41 and traded as high as $33.76. H World Group shares last traded at $32.85, with a volume of 1,561,936 shares changing hands.

Wall Street Analysts Forecast Growth

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

H World Group Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The stock's 50-day simple moving average is $35.92 and its two-hundred day simple moving average is $33.40. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74.

Hedge Funds Weigh In On H World Group

Several large investors have recently made changes to their positions in the business. Handelsbanken Fonder AB grew its holdings in H World Group by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company's stock valued at $2,493,000 after buying an additional 950 shares during the last quarter. Blue Trust Inc. increased its position in H World Group by 716.7% during the second quarter. Blue Trust Inc. now owns 1,225 shares of the company's stock worth $41,000 after acquiring an additional 1,075 shares during the period. Sei Investments Co. increased its position in H World Group by 10.4% during the second quarter. Sei Investments Co. now owns 25,474 shares of the company's stock worth $849,000 after acquiring an additional 2,392 shares during the period. Creative Planning boosted its holdings in H World Group by 22.6% in the 2nd quarter. Creative Planning now owns 12,964 shares of the company's stock valued at $432,000 after purchasing an additional 2,394 shares during the period. Finally, Headlands Technologies LLC bought a new stake in H World Group in the 2nd quarter valued at $91,000. 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.