US Bancorp DE Trims Stock Position in H World Group Limited (NASDAQ:HTHT)

US Bancorp DE trimmed its holdings in H World Group Limited (NASDAQ:HTHT) by 79.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,994 shares of the company’s stock after selling 15,690 shares during the period. US Bancorp DE’s holdings in H World Group were worth $149,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Capital International Investors lifted its stake in shares of H World Group by 192.4% in the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company’s stock valued at $220,188,000 after purchasing an additional 3,744,106 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in H World Group by 80.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock valued at $58,067,000 after buying an additional 669,200 shares during the period. Capital International Inc. CA lifted its position in H World Group by 57.7% in the first quarter. Capital International Inc. CA now owns 1,803,048 shares of the company’s stock valued at $69,778,000 after buying an additional 659,914 shares during the last quarter. Public Sector Pension Investment Board lifted its position in H World Group by 724.3% in the second quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock valued at $19,022,000 after buying an additional 501,634 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in H World Group by 87.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 831,800 shares of the company’s stock worth $32,191,000 after buying an additional 387,400 shares during the period. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Benchmark reduced their price target on shares of H World Group from $64.00 to $53.00 and set a “buy” rating on the stock 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 company currently has a consensus rating of “Buy” and a consensus price target of $47.80.

H World Group Price Performance

HTHT stock opened at $35.81 on Friday. The business’s fifty day moving average price is $35.97 and its 200 day moving average price is $34.25. H World Group Limited has a 12-month low of $27.03 and a 12-month high of $42.98. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $11.69 billion, a PE ratio of 21.84, a P/E/G ratio of 1.09 and a beta of 0.77.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. On average, sell-side analysts anticipate that H World Group Limited will post 1.77 EPS for the current year.

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.