New York State Common Retirement Fund Raises Stock Position in H World Group Limited (NASDAQ:HTHT)

New York State Common Retirement Fund lifted its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 597,681 shares of the company's stock after buying an additional 37,766 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of H World Group worth $19,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HTHT. Asset Management One Co. Ltd. increased its position in shares of H World Group by 4.5% during the third quarter. Asset Management One Co. Ltd. now owns 37,514 shares of the company's stock valued at $1,479,000 after buying an additional 1,610 shares during the period. Handelsbanken Fonder AB boosted its stake in H World Group by 1.5% during the third quarter. Handelsbanken Fonder AB now owns 82,800 shares of the company's stock worth $3,265,000 after acquiring an additional 1,200 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in H World Group by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 215,847 shares of the company's stock worth $8,511,000 after acquiring an additional 7,236 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in H World Group by 75.9% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 25,500 shares of the company's stock worth $1,005,000 after acquiring an additional 11,000 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in H World Group by 57.1% during the third quarter. IFM Investors Pty Ltd now owns 13,568 shares of the company's stock worth $535,000 after acquiring an additional 4,929 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HTHT. Macquarie began coverage on shares of H World Group in a research note on Friday, April 19th. They set an "outperform" rating and a $48.00 price objective on the stock. Benchmark reissued a "buy" rating and set a $64.00 price objective on shares of H World Group in a research note on Friday, March 22nd. Bank of America dropped 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 research note on Wednesday, March 13th. CLSA began coverage on shares of H World Group in a research note on Friday. They issued a "buy" rating and a $47.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of H World Group from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, H World Group presently has a consensus rating of "Moderate Buy" and an average target price of $49.40.

H World Group Stock Performance

H World Group stock traded up $0.32 during midday trading on Friday, reaching $40.06. 859,560 shares of the company traded hands, compared to its average volume of 1,243,419. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. The business has a 50 day moving average of $38.06 and a two-hundred day moving average of $35.71. H World Group Limited has a 12 month low of $30.20 and a 12 month high of $48.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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

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.