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

H World Group Limited (NASDAQ:HTHT - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $36.83, but opened at $39.84. H World Group shares last traded at $38.19, with a volume of 313,207 shares traded.

Analyst Upgrades and Downgrades

Separately, Benchmark reduced their target price 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 analysts have rated the stock with a buy rating, According to MarketBeat.com, H World Group currently has an average rating of "Buy" and a consensus price target of $47.80.

H World Group Stock Up 3.7 %

The business's 50 day moving average is $32.77 and its 200 day moving average is $34.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77.

H World Group (NASDAQ:HTHT - Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. Equities analysts expect 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 disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th were paid a $0.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a yield of 3.9%. H World Group's dividend payout ratio is presently 75.16%.

Hedge Funds Weigh In On H World Group

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors raised its stake in shares of 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 purchasing an additional 3,744,106 shares in the last quarter. Canada Pension Plan Investment Board raised its position in H World Group by 80.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company's stock valued at $58,067,000 after acquiring an additional 669,200 shares in the last quarter. Capital International Inc. CA lifted its stake in H World Group by 57.7% in the first quarter. Capital International Inc. CA now owns 1,803,048 shares of the company's stock valued at $69,778,000 after acquiring an additional 659,914 shares during the last quarter. Public Sector Pension Investment Board grew its position in H World Group by 724.3% in the second quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company's stock worth $19,022,000 after acquiring an additional 501,634 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in H World Group by 87.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 831,800 shares of the company's stock worth $32,191,000 after acquiring an additional 387,400 shares in the last quarter. 46.41% of the stock is 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.