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

H World Group Limited (NASDAQ:HTHT - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $38.18, but opened at $37.27. H World Group shares last traded at $37.05, with a volume of 86,058 shares.

Wall Street Analyst Weigh In

Separately, Benchmark cut their price target on H World Group from $64.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, H World Group has a consensus rating of "Buy" and an average price target of $47.80.

H World Group Stock Performance

The firm's 50 day moving average price is $32.77 and its two-hundred day moving average price is $34.43. The firm has a market cap of $12.11 billion, a PE ratio of 22.96, a PEG ratio of 1.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97.

H World Group (NASDAQ:HTHT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). H World Group had a return on equity of 29.32% and a net margin of 16.32%. The business had revenue of $846.00 million during the quarter, compared to analysts' expectations of $839.89 million. On average, research analysts forecast that H World Group Limited will post 1.81 earnings per share for the current year.

H World Group Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th were given a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a yield of 3.9%. H World Group's payout ratio is currently 75.16%.

Institutional Investors Weigh In On H World Group

A number of institutional investors have recently made changes to their positions in HTHT. Vanguard Group Inc. increased its stake in H World Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,432,587 shares of the company's stock worth $281,986,000 after purchasing an additional 27,629 shares during the period. Capital International Investors increased its stake in H World Group by 192.4% during the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company's stock worth $220,188,000 after buying an additional 3,744,106 shares during the period. Capital International Inc. CA lifted its holdings in H World Group by 57.7% during the 1st quarter. Capital International Inc. CA now owns 1,803,048 shares of the company's stock worth $69,778,000 after buying an additional 659,914 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in H World Group by 80.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company's stock valued at $58,067,000 after buying an additional 669,200 shares during the period. Finally, Broad Peak Investment Holdings Ltd. grew its stake in shares of H World Group by 3.5% in the first quarter. Broad Peak Investment Holdings Ltd. now owns 1,408,801 shares of the company's stock worth $54,521,000 after acquiring an additional 48,000 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

About H World Group

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.