H World Group (NASDAQ:HTHT) Shares Gap Down – Time to Sell?

Shares of H World Group Limited (NASDAQ:HTHT) 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 traded.

Analyst Ratings Changes

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

H World Group Trading Down 1.8 %

The stock has a market capitalization of $10.91 billion, a PE ratio of 20.25, a P/E/G ratio of 1.09 and a beta of 0.74. The company’s 50 day moving average price is $35.20 and its two-hundred day moving average price is $33.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HTHT. TT International Asset Management LTD acquired a new stake in shares of H World Group in the third quarter valued at approximately $24,915,000. Geode Capital Management LLC increased its stake in shares of H World Group by 0.9% in 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of H World Group during the 3rd quarter worth $489,000. Temasek Holdings Private Ltd acquired a new position in shares of H World Group during the 3rd quarter valued at about $81,840,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of H World Group in the third quarter valued at about $418,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

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.