H World Group (NASDAQ:HTHT) Shares Gap Down – What’s Next?

H World Group Limited (NASDAQ:HTHT)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $36.67, but opened at $35.63. H World Group shares last traded at $35.69, with a volume of 136,735 shares changing hands.

Analysts Set New Price Targets

HTHT has been the topic of a number of recent analyst reports. Hsbc Global Res cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Benchmark reduced their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, HSBC downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.40.

H World Group Stock Performance

The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $33.80 and a 200 day simple moving average of $34.27.

Hedge Funds Weigh In On H World Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new position in shares of H World Group during the fourth quarter worth $33,000. US Bancorp DE grew its position in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock worth $160,000 after acquiring an additional 845 shares during the last quarter. Blue Trust Inc. increased its holdings in H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after purchasing an additional 650 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in H World Group in the 4th quarter worth about $196,000. Finally, Mariner LLC raised its position in H World Group by 33.8% in the fourth quarter. Mariner LLC now owns 8,120 shares of the company’s stock valued at $268,000 after purchasing an additional 2,050 shares during the last quarter. 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.