Swiss National Bank Sells 3,400 Shares of H World Group Limited (NASDAQ:HTHT)

Swiss National Bank lowered its position in H World Group Limited (NASDAQ:HTHTFree Report) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 462,809 shares of the company’s stock after selling 3,400 shares during the quarter. Swiss National Bank owned 0.14% of H World Group worth $17,216,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in shares of 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 worth $58,067,000 after acquiring an additional 669,200 shares during the period. Public Sector Pension Investment Board lifted its position in shares of H World Group by 724.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock worth $19,022,000 after acquiring an additional 501,634 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of H World Group by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company’s stock worth $18,631,000 after acquiring an additional 7,572 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of H World Group by 6.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 507,892 shares of the company’s stock worth $18,894,000 after acquiring an additional 28,953 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of H World Group by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 348,775 shares of the company’s stock worth $11,621,000 after buying an additional 7,998 shares during the period. Institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark cut their target price on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, H World Group currently has an average rating of “Buy” and a consensus target price of $47.80.

Check Out Our Latest Research Report on HTHT

H World Group Price Performance

H World Group stock opened at $35.80 on Friday. The business has a 50 day simple moving average of $36.50 and a 200 day simple moving average of $34.18. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The company has a market capitalization of $11.69 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96.

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

About H World Group

(Free Report)

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.

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Institutional Ownership by Quarter for H World Group (NASDAQ:HTHT)

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