Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/10/2024 | $23.80 | Buy | Citigroup | |
8/27/2024 | Buy → Sell | Citigroup | ||
8/27/2024 | $194.00 → $120.00 | Buy → Neutral | Citigroup | |
8/26/2024 | Outperform → Neutral | Macquarie | ||
8/26/2024 | $193.00 → $151.00 | Buy | Jefferies | |
8/16/2024 | $33.00 → $36.00 | Neutral → Overweight | JP Morgan | |
5/29/2024 | $16.00 | Buy | HSBC Securities | |
5/24/2024 | $145.00 → $184.00 | Neutral → Buy | Goldman |
SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financial management expertise in the travel and hotel industries in China. She initially joined H World in 2014. From 2014 to early 2016, Ms. Chen served as H World's executive vice president of finance respo
Revenue Growth, Enhanced Profitability, and Milestone Reached in Hotel Network HONG KONG, Aug. 20, 2024 /PRNewswire/ -- H World Group Limited ((", H World", or ", the Group", , NASDAQ:HTHT) announced its unaudited financial results for the second quarter ("Q2 2024") and interim period ended June 30, 2024. In the first half of the year, revenue increased by 14.1% year-over-year, with second quarter revenue growth slightly exceeding the upper limit of guidance. H World continues to prioritize customer-centricity, continuously improving the quality of its products and services, leading the industry toward high-quality development. In the first half of 2024, the Group achieved revenue of RMB 11
SINGAPORE and SHANGHAI, China, July 23, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a leading and fast-growing hotel group, today announced that, in order to enhance shareholder value, its board of directors (the "Board") has approved a three-year shareholder return plan with an aggregate amount of distributions that may be made to the Company's shareholders of up to US$2,000,000,000, effective from July 23, 2024 (the "Shareholder Return Plan"). Under the Shareholder Return Plan, the Board has the sole discretion to: (i) declare and distribute ordinary dividends semi-annually, the aggregate amount of which for each financial year shall be no l
The card offers benefits such as 3% cashback and a 90-day order protection, aiming to enhance value for small businesses in global sourcing LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, announced a partnership with Mastercard and Cardless to offer a co-branded credit card designed to reward businesses for cross-border and domestic sourcing purchases through Alibaba.com. Created to meet the needs of small business owners, the Alibaba.com Business Edge Credit Card will be the company's first co-branded U.S. credit card.
The platform's premier B2B e-commerce event marks the launch of its first co-branded credit card, upgraded financial and logistics solutions for U.S. businesses LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, today announced its new artificial intelligence (AI)-powered sourcing agent, along with new financial and logistics solutions, at its second annual CoCreate conference, which kicks off in Las Vegas today. These solutions will help small and medium-sized enterprises (SMEs) increase sourcing efficiency and more easily navigate cross-border trade.
HANGZHOU, China, Sept. 4, 2024 /PRNewswire/ -- Alibaba International Digital Commerce Group ("Alibaba International") today concluded its Global E-commerce Challenge (GEC) 2024 with a global finals event in Hangzhou, China, spotlighting exceptional young innovators worldwide. Launched in 2021, the GEC aims to attract and engage young talents globally to shape the future of e-commerce. The 2024 edition of the competition, focused on exploring ways to elevate online shopping with artificial intelligence (AI), was open for applications to university students and recent university
Citigroup resumed coverage of KE Holdings with a rating of Buy and set a new price target of $23.80
Citigroup downgraded Gaotu Techedu from Buy to Sell
Citigroup downgraded Pinduoduo from Buy to Neutral and set a new price target of $120.00 from $194.00 previously
SC 13G/A - JD.com, Inc. (0001549802) (Subject)
SC 13D - KE Holdings Inc. (0001809587) (Subject)
SC 13G/A - Alibaba Group Holding Ltd (0001577552) (Subject)
BEIJING, Aug. 27, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights[1] Net revenues were RMB1,009.8 million, increased by 43.6% from RMB703.1 million in the same period of 2023.Gross billings[2] were RMB1,653.7 million, increased by 87.4% from RMB882.3 million in the same period of 2023.Loss from operations was RMB464.8 million, compared with income from operations of RMB43.3 million in the same period of 2023.Net loss was RMB429.6 million, comp
DUBLIN and SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues in the quarter were RMB97,059.5 million (US$113,355.8 million), an increase of 86% from RMB52,280.7 million in the same quarter of 2023.Operating profit in the quarter was RMB32,564.5 million (US$4,481.0 million), an increase of 156% from RMB12,718.8 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB34,987.3 million (US$4,814.4 million), an increase of 139% from RMB14,609.4 mill
A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024.Hotel turnover1 increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover from the Legacy-Huazhu segment increased 16.2% year-over-year in the second quarter of 2024; and hotel turnover from the Legacy-DH segment increased 7.8% year-over-year in the second quarter of 2024. Revenue increased 11.2% year-over-year to RMB6.1 billion (US$846 million)2 in the second quarter of 2024, at the high end of the previously announced 7% to 11% revenue increase guidance as compared to the second quarter of 2
The People’s Bank of China (PBOC) has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy. What Happened: The PBOC conducted a medium-term lending facility (MLF) operation, issuing 200 billion yuan ($27.5 billion) in one-year loans at a rate of 2.30%, a 20 basis point decrease from the previous MLF loan, Reuters reported. This move follows the bank’s decision to cut several benchmark lending rates just days after a key leadership meeting that outlined major reforms. The central bank also injected 235.1 billion yuan into the market through seven-day reverse repos at 1.70%. This cash injection
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
Deep-pocketed investors have adopted a bullish approach towards PDD Holdings (NASDAQ:PDD), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PDD usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for PDD Holdings. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 41% leaning bullish and 33% bearish. Among these notable options
6-K - KE Holdings Inc. (0001809587) (Filer)
6-K - Alibaba Group Holding Ltd (0001577552) (Filer)
6-K - KE Holdings Inc. (0001809587) (Filer)