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

Handelsbanken Fonder AB increased its position in H World Group Limited (NASDAQ:HTHT) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,576 shares of the company’s stock after buying an additional 2,572 shares during the period. Handelsbanken Fonder AB’s holdings in H World Group were worth $2,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTHT. Blue Trust Inc. grew its position in H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after acquiring an additional 650 shares in the last quarter. Rhumbline Advisers boosted its holdings in H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock worth $1,146,000 after purchasing an additional 791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings 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 purchasing an additional 936 shares in the last quarter. abrdn plc increased its position in H World Group by 1.6% during the fourth quarter. abrdn plc now owns 114,030 shares of the company’s stock worth $3,791,000 after buying an additional 1,751 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in H World Group by 12.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,242 shares of the company’s stock valued at $1,077,000 after buying an additional 3,547 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of NASDAQ:HTHT opened at $35.38 on Tuesday. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.28 and a beta of 0.70. The business has a 50 day moving average price of $33.02 and a 200 day moving average price of $33.63. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share 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 firm earned $0.56 earnings per share. Research analysts predict that H World Group Limited will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

HTHT has been the subject of several recent analyst reports. Benchmark decreased their price target on 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 Global Res cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, HSBC lowered shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.40.

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.