H World Group (NASDAQ:HTHT) Shares Gap Down – Time to Sell?

H World Group Limited (NASDAQ:HTHT)’s share price gapped down before the market opened on Friday . The stock had previously closed at $34.01, but opened at $33.31. H World Group shares last traded at $33.47, with a volume of 125,292 shares traded.

Analyst Upgrades and Downgrades

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

H World Group Trading Down 1.9 %

The firm has a market capitalization of $10.90 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74. The firm’s 50-day simple moving average is $35.29 and its 200-day simple moving average is $33.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Temasek Holdings Private Ltd bought a new stake in H World Group in the 3rd quarter worth $81,840,000. TT International Asset Management LTD bought a new stake in shares of H World Group in the 3rd quarter worth approximately $24,915,000. Public Sector Pension Investment Board boosted its stake in shares of H World Group by 724.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock valued at $19,022,000 after purchasing an additional 501,634 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of H World Group during the second quarter valued at $10,886,000. Finally, Van ECK Associates Corp lifted its holdings in H World Group by 47,317.1% in the second quarter. Van ECK Associates Corp now owns 97,205 shares of the company’s stock valued at $3,239,000 after acquiring an additional 97,000 shares during the period. Institutional investors own 46.41% of the company’s stock.

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.