H World Group (NASDAQ:HTHT) Shares Gap Up – Time to Buy?

H World Group Limited (NASDAQ:HTHT) gapped up before the market opened on Friday . The stock had previously closed at $36.83, but opened at $39.84. H World Group shares last traded at $38.19, with a volume of 313,207 shares traded.

Wall Street Analyst Weigh In

Separately, Benchmark cut their target price on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $47.80.

H World Group Price Performance

The business’s 50-day simple moving average is $32.59 and its two-hundred day simple moving average is $34.53. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). H World Group had a net margin of 16.32% and a return on equity of 29.32%. The firm had revenue of $846.00 million for the quarter, compared to analyst estimates of $839.89 million. Research analysts expect that H World Group Limited will post 1.81 earnings per share for the current year.

H World Group Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were issued a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a yield of 3.9%. H World Group’s payout ratio is 75.16%.

Hedge Funds Weigh In On H World Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings 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 acquiring an additional 1,075 shares during the period. Headlands Technologies LLC acquired a new stake in H World Group during the second quarter worth approximately $91,000. Jupiter Asset Management Ltd. bought a new stake in H World Group in the second quarter worth approximately $373,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in H World Group in the first quarter valued at approximately $394,000. Finally, Quadrature Capital Ltd acquired a new position in H World Group in the fourth quarter valued at approximately $395,000. 46.41% of the stock is 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.