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

by · The Cerbat Gem

H World Group Limited (NASDAQ:HTHT – Get Free Report) shares 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 changing hands.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on H World Group

H World Group Stock Performance

The firm has a market capitalization of $10.90 billion, a PE ratio of 20.23, a P/E/G ratio of 1.09 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The business has a 50-day simple moving average of $35.29 and a 200-day simple moving average of $33.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of H World Group by 30.4% during the second quarter. Bank of New York Mellon Corp now owns 215,003 shares of the company’s stock valued at $7,164,000 after buying an additional 50,128 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of H World Group by 104.2% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 20,782 shares of the company’s stock worth $692,000 after purchasing an additional 10,605 shares during the last quarter. Van ECK Associates Corp lifted its holdings in H World Group by 47,317.1% during the 2nd quarter. Van ECK Associates Corp now owns 97,205 shares of the company’s stock valued at $3,239,000 after buying an additional 97,000 shares in the last quarter. Fiera Capital Corp boosted its position in H World Group by 41.2% in the 2nd quarter. Fiera Capital Corp now owns 30,038 shares of the company’s stock valued at $1,001,000 after buying an additional 8,758 shares during the period. Finally, Candriam S.C.A. bought a new position in H World Group in the 2nd quarter worth about $616,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

About H World Group

(Get Free Report)

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.

See Also