Royal London Asset Management Ltd. Decreases Stake in H World Group Limited (NASDAQ:HTHT)

Royal London Asset Management Ltd. lessened its holdings in H World Group Limited (NASDAQ:HTHT) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 202,600 shares of the company’s stock after selling 124,100 shares during the period. Royal London Asset Management Ltd.’s holdings in H World Group were worth $6,692,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. grew its stake in H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after purchasing an additional 650 shares during the period. Rhumbline Advisers grew its position in H World Group by 2.3% during the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock valued at $1,146,000 after buying an additional 791 shares during the period. US Bancorp DE increased its holdings in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock worth $160,000 after buying an additional 845 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after acquiring an additional 936 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in H World Group in the fourth quarter valued at about $33,000. 46.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HTHT. Benchmark decreased their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Finally, Hsbc Global Res cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.68.

H World Group Trading Down 0.3 %

NASDAQ HTHT opened at $37.60 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $34.63 and its two-hundred day simple moving average is $34.69. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.28 and a beta of 0.70.

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.