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 trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on HTHT. Hsbc Global Res lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. HSBC cut shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a research report on Wednesday. Finally, Benchmark cut 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 note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

H World Group Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The business has a 50 day moving average of $32.58 and a two-hundred day moving average of $33.11. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.11 and a beta of 0.70.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate 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 prior year, the company earned $0.56 earnings per share. Equities analysts predict that H World Group Limited will post 1.65 EPS for the current year.

Institutional Trading of H World Group

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