H World Group (NASDAQ:HTHT) Receives New Coverage from Analysts at CLSA

CLSA started coverage on shares of H World Group (NASDAQ:HTHT) in a research report report published on Friday, Marketbeat reports. The firm issued a buy rating and a $47.00 price objective on the stock.

HTHT has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of H World Group from $40.00 to $45.00 and gave the company an overweight rating in a report on Friday, March 22nd. Bank of America dropped their price objective on shares of H World Group from $51.00 to $43.00 and set a buy rating on the stock in a report on Wednesday, March 13th. Benchmark reiterated a buy rating and set a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. Finally, Macquarie started coverage on shares of H World Group in a report on Friday, April 19th. They set an outperform rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $49.40.

H World Group Price Performance

HTHT stock opened at $40.06 on Friday. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.32 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. H World Group has a 12-month low of $30.20 and a 12-month high of $48.84. The company’s fifty day simple moving average is $38.00 and its 200 day simple moving average is $35.71.

H World Group (NASDAQ:HTHT) last released its earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $759.99 million. H World Group had a net margin of 18.62% and a return on equity of 31.50%. On average, analysts expect that H World Group will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently made changes to their positions in HTHT. Federated Hermes Inc. acquired a new stake in shares of H World Group in the 3rd quarter worth about $72,809,000. Norges Bank acquired a new stake in shares of H World Group in the 4th quarter worth about $46,460,000. Schroder Investment Management Group raised its holdings in shares of H World Group by 6.8% in the 4th quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock worth $548,080,000 after acquiring an additional 1,039,888 shares during the last quarter. Broad Peak Investment Holdings Ltd. raised its holdings in shares of H World Group by 110.7% in the 3rd quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company’s stock worth $53,656,000 after acquiring an additional 714,801 shares during the last quarter. Finally, Zeal Asset Management Ltd acquired a new stake in shares of H World Group in the 3rd quarter worth about $26,282,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

About H World Group

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.