Macquarie Begins Coverage on H World Group (NASDAQ:HTHT)

Macquarie initiated coverage on shares of H World Group (NASDAQ:HTHT) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $48.00 target price on the stock.

Several other analysts also recently weighed in on HTHT. JPMorgan Chase & Co. lifted their price objective on 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 decreased their price objective on H World Group from $51.00 to $43.00 and set a buy rating for the company in a report on Wednesday, March 13th. Finally, Benchmark restated a buy rating and issued a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $50.00.

H World Group Stock Down 1.3 %

Shares of HTHT opened at $36.89 on Friday. The firm has a market capitalization of $12.05 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.23 and a beta of 0.92. H World Group has a 12-month low of $30.20 and a 12-month high of $49.64. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of $37.57 and a 200-day moving average price of $35.65.

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

Hedge Funds Weigh In On H World Group

Large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. raised its holdings in H World Group by 41.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 759 shares of the company’s stock worth $33,000 after purchasing an additional 224 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of H World Group during the first quarter valued at about $54,000. FMR LLC increased its holdings in shares of H World Group by 43.6% during the second quarter. FMR LLC now owns 1,460 shares of the company’s stock valued at $56,000 after acquiring an additional 443 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of H World Group during the fourth quarter valued at about $68,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of H World Group by 3,427.3% during the third quarter. Tower Research Capital LLC TRC now owns 1,940 shares of the company’s stock valued at $76,000 after acquiring an additional 1,885 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors.

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.