H World Group (NASDAQ:HTHT) Shares Gap Up – Here’s What Happened

H World Group Limited (NASDAQ:HTHT)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $31.50, but opened at $32.89. H World Group shares last traded at $33.18, with a volume of 484,353 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on HTHT. Benchmark decreased their target price on 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. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a report on Wednesday. Finally, Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

H World Group Stock Performance

The company has a market capitalization of $10.18 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70. The firm’s fifty day simple moving average is $32.58 and its 200 day simple moving average is $33.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

H World Group (NASDAQ:HTHT) last released its earnings results on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, research analysts predict that H World Group Limited will post 1.65 EPS for the current year.

Institutional Trading of H World Group

Several hedge funds have recently added to or reduced their stakes in HTHT. US Bancorp DE lifted its holdings in shares of H World Group by 21.2% in the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after purchasing an additional 845 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of H World Group by 293.2% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock valued at $179,000 after buying an additional 3,592 shares in the last quarter. Greenleaf Trust acquired a new position in shares of H World Group during the 3rd quarter worth $210,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after buying an additional 936 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in H World Group in the 3rd quarter valued at approximately $418,000. 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.