Brokerages Set H World Group Limited Sponsored ADR (NASDAQ:HTHT) PT at $61.20

H World Group Limited Sponsored ADR (NASDAQ:HTHT) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $61.20.

Several equities analysts have recently issued reports on HTHT shares. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a report on Monday, March 9th. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, Benchmark upped their target price on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th.

Insiders Place Their Bets

In related news, Director Theng Fong Hee sold 31,640 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 49.40% of the company’s stock.

Hedge Funds Weigh In On H World Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC acquired a new position in H World Group in the 4th quarter worth $45,000. EverSource Wealth Advisors LLC boosted its stake in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of H World Group during the 3rd quarter worth about $66,000. Osaic Holdings Inc. boosted its stake in shares of H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after buying an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after buying an additional 277 shares during the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Price Performance

Shares of HTHT stock opened at $45.00 on Monday. H World Group has a 12-month low of $30.41 and a 12-month high of $56.63. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.24 and a beta of 0.11. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $49.20 and a 200-day moving average of $49.51.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a net margin of 19.22% and a return on equity of 39.73%. The company had revenue of $932.62 million during the quarter. On average, equities research analysts forecast that H World Group will post 2.47 earnings per share for the current year.

H World Group Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a yield of 542.0%. H World Group’s dividend payout ratio is presently 114.80%.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.