OVERSEA CHINESE BANKING Corp Ltd Cuts Stake in H World Group Limited (NASDAQ:HTHT)

OVERSEA CHINESE BANKING Corp Ltd cut its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,102 shares of the company's stock after selling 33,059 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.09% of H World Group worth $10,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. lifted its stake in H World Group by 41.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 759 shares of the company's stock valued at $33,000 after purchasing an additional 224 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in H World Group during the first quarter valued at approximately $54,000. FMR LLC lifted its stake in H World Group by 43.6% during the second quarter. FMR LLC now owns 1,460 shares of the company's stock valued at $56,000 after purchasing an additional 443 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in H World Group during the fourth quarter valued at approximately $68,000. Finally, Tower Research Capital LLC TRC lifted its stake in H World Group by 3,427.3% during the third quarter. Tower Research Capital LLC TRC now owns 1,940 shares of the company's stock valued at $76,000 after purchasing an additional 1,885 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Down 1.3 %

HTHT stock traded down $0.47 during midday trading on Friday, reaching $36.89. The company had a trading volume of 1,338,824 shares, compared to its average volume of 1,422,682. H World Group Limited has a 1 year low of $30.20 and a 1 year high of $49.64. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $12.05 billion, a P/E ratio of 20.96, a PEG ratio of 1.24 and a beta of 0.92. The company has a 50 day moving average of $37.57 and a two-hundred day moving average of $35.66.

H World Group (NASDAQ:HTHT - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $759.99 million. On average, equities research analysts expect that H World Group Limited will post 1.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HTHT. JPMorgan Chase & Co. upped their price target on shares of H World Group from $40.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, March 22nd. Benchmark restated a "buy" rating and issued a $64.00 price target on shares of H World Group in a research report on Friday, March 22nd. Bank of America reduced their price target on shares of H World Group from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 13th. Finally, Macquarie began coverage on shares of H World Group in a research report on Friday. They issued an "outperform" rating and a $48.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, H World Group has an average rating of "Moderate Buy" and an average target price of $50.00.

H World Group Company 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.