H World Group Limited (NASDAQ:HTHT) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 79.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,998 shares of the company's stock after selling 1,543,024 shares during the quarter. Ninety One UK Ltd owned about 0.12% of H World Group worth $13,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of H World Group by 134.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 104,616 shares of the company's stock worth $3,200,000 after buying an additional 59,968 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of H World Group by 6.4% during the 1st quarter. APG Asset Management N.V. now owns 24,993 shares of the company's stock worth $741,000 after purchasing an additional 1,500 shares during the period. Great West Life Assurance Co. Can boosted its position in H World Group by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 147,700 shares of the company's stock valued at $5,046,000 after buying an additional 11,200 shares during the period. Yousif Capital Management LLC purchased a new stake in H World Group in the 1st quarter valued at about $283,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in H World Group by 57.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,160 shares of the company's stock valued at $3,865,000 after buying an additional 42,660 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Down 1.3 %

H World Group stock traded down $0.47 during trading on Friday, reaching $36.89. The stock had a trading volume of 1,338,824 shares, compared to its average volume of 1,906,842. H World Group Limited has a 52-week low of $30.20 and a 52-week high of $49.64. The business has a 50 day moving average price of $37.57 and a 200 day moving average price of $35.68. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market cap of $12.05 billion, a PE ratio of 20.96, a P/E/G ratio of 1.26 and a beta of 0.92.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. H World Group had a net margin of 18.62% and a return on equity of 31.50%. The company had revenue of $786.00 million for the quarter, compared to analysts' expectations of $759.99 million. On average, analysts predict that H World Group Limited will post 1.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HTHT shares. JPMorgan Chase & Co. upped their price target on shares of H World Group from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, March 22nd. Benchmark reiterated a "buy" rating and set a $64.00 price objective on shares of H World Group in a research note on Friday, March 22nd. Macquarie initiated coverage on shares of H World Group in a research note on Friday. They set an "outperform" rating and a $48.00 price target on the stock. Finally, Bank of America dropped their price objective on shares of H World Group from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.00.

H World Group Profile

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.