H World Group (NASDAQ:HTHT) Shares Gap Up – Still a Buy?

H World Group Limited (NASDAQ:HTHT)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $37.33, but opened at $38.12. H World Group shares last traded at $38.21, with a volume of 459,085 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HTHT. 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 research report on Wednesday, February 5th. Hsbc Global Res cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.68.

H World Group Price Performance

The company has a fifty day simple moving average of $35.17 and a two-hundred day simple moving average of $34.84. 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 company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.28 and a beta of 0.70.

H World Group Increases Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from H World Group’s previous — dividend of $0.34. This represents a yield of 4.1%. H World Group’s dividend payout ratio is 141.79%.

Institutional Trading of H World Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after acquiring an additional 650 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of H World Group by 5.6% in the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company’s stock valued at $485,000 after purchasing an additional 784 shares during the last quarter. Rhumbline Advisers grew its stake in shares of H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock valued at $1,146,000 after buying an additional 791 shares during the period. US Bancorp DE increased its holdings in shares of 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 buying an additional 845 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after buying an additional 936 shares during the period. Hedge funds and other 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.