H World Group (NASDAQ:HTHT) Price Target Cut to $48.00 by Analysts at Benchmark

H World Group (NASDAQ:HTHT) had its target price trimmed by Benchmark from $53.00 to $48.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

H World Group Price Performance

H World Group stock opened at $32.17 on Wednesday. The business has a 50-day simple moving average of $37.01 and a 200 day simple moving average of $33.89. H World Group has a 52 week low of $27.03 and a 52 week high of $42.98. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.97 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On H World Group

Several institutional investors have recently modified their holdings of HTHT. TT International Asset Management LTD purchased a new stake in H World Group in the third quarter worth approximately $24,915,000. Geode Capital Management LLC grew its holdings in shares of H World Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock valued at $47,455,000 after purchasing an additional 11,684 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in H World Group in the 3rd quarter worth $489,000. Temasek Holdings Private Ltd bought a new stake in H World Group in the third quarter worth $81,840,000. Finally, Point72 Hong Kong Ltd purchased a new stake in H World Group during the third quarter valued at about $418,000. 46.41% of the stock is currently owned by institutional investors.

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.