OVERSEA CHINESE BANKING Corp Ltd Takes $1.74 Million Position in H World Group Limited (NASDAQ:HTHT)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in H World Group Limited (NASDAQ:HTHT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 46,767 shares of the company’s stock, valued at approximately $1,739,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HTHT. Swiss National Bank increased its position in shares of H World Group by 2.9% in the first quarter. Swiss National Bank now owns 467,309 shares of the company’s stock valued at $18,085,000 after acquiring an additional 12,968 shares during the period. US Bancorp DE increased its holdings in H World Group by 9.3% during the 1st quarter. US Bancorp DE now owns 18,964 shares of the company’s stock valued at $734,000 after purchasing an additional 1,609 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in H World Group during the 1st quarter valued at approximately $394,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in H World Group by 18.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company’s stock worth $5,197,000 after buying an additional 20,500 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of H World Group by 46.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 276,481 shares of the company’s stock worth $10,705,000 after buying an additional 87,572 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their target price on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a 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 a consensus rating of “Buy” and an average target price of $47.80.

H World Group Stock Down 2.2 %

HTHT stock opened at $35.93 on Wednesday. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.12 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The business’s 50 day moving average price is $35.61 and its two-hundred day moving average price is $34.26. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data 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 firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. As a group, analysts forecast that H World Group Limited will post 1.77 earnings per share for the current fiscal year.

H World Group 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.