H World Group (NASDAQ:HTHT) Price Target Lowered to $48.00 at Benchmark

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

H World Group Trading Down 3.2 %

Shares of HTHT opened at $32.03 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. H World Group has a 52-week low of $27.03 and a 52-week high of $42.98. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.07 and a beta of 0.77. The business’s fifty day moving average is $36.92 and its 200-day moving average is $33.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after purchasing an additional 1,075 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of H World Group in the 2nd quarter valued at $91,000. Greenleaf Trust acquired a new stake in shares of H World Group during the 3rd quarter valued at $210,000. Jupiter Asset Management Ltd. bought a new stake in H World Group during the 2nd quarter worth $373,000. Finally, Point72 Hong Kong Ltd bought a new position in H World Group in the third quarter valued at about $418,000. 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.