Benchmark Has Lowered Expectations for H World Group (NASDAQ:HTHT) Stock Price

H World Group (NASDAQ:HTHT) had its price target lowered by Benchmark from $53.00 to $48.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 49.86% from the company’s previous close.

H World Group Stock Performance

Shares of NASDAQ HTHT opened at $32.03 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.07 and a beta of 0.77. The stock’s fifty day moving average price is $36.92 and its two-hundred day moving average price is $33.96. H World Group has a one year low of $27.03 and a one year high of $42.98.

Institutional Trading of H World Group

Several hedge funds and other institutional investors have recently bought and sold shares of HTHT. Temasek Holdings Private Ltd bought a new position in shares of H World Group during the third quarter worth approximately $81,840,000. Geode Capital Management LLC increased its stake in 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 worth $47,455,000 after acquiring an additional 11,684 shares during the period. TT International Asset Management LTD acquired a new position in H World Group in the 3rd quarter valued at $24,915,000. Public Sector Pension Investment Board lifted its position in shares of H World Group by 724.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock valued at $19,022,000 after acquiring an additional 501,634 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of H World Group by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company’s stock worth $18,631,000 after purchasing an additional 7,572 shares in the last quarter. Institutional investors and hedge funds 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.