Handelsbanken Fonder AB Purchases 2,572 Shares of H World Group Limited (NASDAQ:HTHT)

Handelsbanken Fonder AB raised its position in H World Group Limited (NASDAQ:HTHT) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,576 shares of the company’s stock after acquiring an additional 2,572 shares during the period. Handelsbanken Fonder AB’s holdings in H World Group were worth $2,298,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Fiera Capital Corp increased its position in shares of H World Group by 87.1% during the third quarter. Fiera Capital Corp now owns 56,213 shares of the company’s stock valued at $2,091,000 after purchasing an additional 26,175 shares during the period. Headwater Capital Co Ltd bought a new stake in H World Group in the 4th quarter valued at $9,909,000. Nordea Investment Management AB increased its holdings in H World Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 508,422 shares of the company’s stock valued at $16,961,000 after buying an additional 51,213 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of H World Group by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company’s stock valued at $8,292,000 after buying an additional 131,189 shares in the last quarter. Finally, TT International Asset Management LTD bought a new position in shares of H World Group during the 3rd quarter worth about $24,915,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Performance

NASDAQ:HTHT opened at $35.38 on Tuesday. The stock has a market capitalization of $11.09 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The firm has a 50 day moving average of $33.02 and a 200-day moving average of $33.63.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a net margin of 15.97% and a return on equity of 30.41%. During the same period in the prior year, the company posted $0.56 earnings per share. As a group, sell-side analysts anticipate that H World Group Limited will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HTHT has been the topic of a number of analyst reports. Benchmark lowered their target price on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective on the stock. in a research note on Wednesday, February 5th. Finally, Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.40.

H World Group Company Profile

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.