H World Group (NASDAQ:HTHT) Shares Gap Down – Here’s What Happened

H World Group Limited (NASDAQ:HTHT)’s stock price 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.

Analysts Set New Price Targets

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

H World Group Stock Down 1.8 %

The business’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $33.32. The company has a market capitalization of $10.91 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its position in H World Group by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company’s stock worth $2,493,000 after purchasing an additional 950 shares during the period. Sei Investments Co. boosted its stake in shares of H World Group by 10.4% in the second quarter. Sei Investments Co. now owns 25,474 shares of the company’s stock worth $849,000 after buying an additional 2,392 shares during the last quarter. Creative Planning grew its holdings in H World Group by 22.6% during the second quarter. Creative Planning now owns 12,964 shares of the company’s stock worth $432,000 after acquiring an additional 2,394 shares during the period. Headlands Technologies LLC purchased a new position in H World Group during the second quarter valued at approximately $91,000. Finally, E Fund Management Co. Ltd. lifted its holdings in H World Group by 2.1% in the second quarter. E Fund Management Co. Ltd. now owns 166,373 shares of the company’s stock valued at $5,544,000 after acquiring an additional 3,416 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

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.