Zurcher Kantonalbank Zurich Cantonalbank Decreases Holdings in H World Group Limited (NASDAQ:HTHT)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 80.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,797 shares of the company's stock after selling 700,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of H World Group worth $5,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Schroder Investment Management Group raised its position in shares of H World Group by 5.3% in the 3rd quarter. Schroder Investment Management Group now owns 15,350,066 shares of the company's stock valued at $605,253,000 after acquiring an additional 766,303 shares during the period. Vanguard Group Inc. raised its holdings in H World Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,404,958 shares of the company's stock worth $331,407,000 after buying an additional 58,687 shares during the period. American Century Companies Inc. raised its holdings in H World Group by 6.0% during the 3rd quarter. American Century Companies Inc. now owns 2,057,059 shares of the company's stock worth $81,110,000 after buying an additional 116,641 shares during the period. Federated Hermes Inc. acquired a new stake in H World Group during the 3rd quarter worth approximately $72,809,000. Finally, Broad Peak Investment Holdings Ltd. raised its holdings in H World Group by 110.7% during the 3rd quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company's stock worth $53,656,000 after buying an additional 714,801 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Stock Performance

HTHT stock traded up $0.86 during midday trading on Monday, reaching $37.75. 968,060 shares of the company were exchanged, compared to its average volume of 1,895,161. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The business has a 50-day moving average price of $37.57 and a two-hundred day moving average price of $35.65. H World Group Limited has a one year low of $30.20 and a one year high of $48.84. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $786.00 million during the quarter, compared to analysts' expectations of $759.99 million. Equities research analysts forecast that H World Group Limited will post 1.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HTHT shares. Macquarie started coverage on shares of H World Group in a report on Friday. They issued an "outperform" rating and a $48.00 price objective on the stock. Benchmark reiterated a "buy" rating and issued a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their target price on shares of H World Group from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, March 22nd. Finally, Bank of America lowered their target price 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 stock. According to MarketBeat.com, H World Group has a consensus rating of "Moderate Buy" and an average 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.