abrdn plc Reduces Position in H World Group Limited (NASDAQ:HTHT)

abrdn plc lowered its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 89,126 shares of the company's stock after selling 22,757 shares during the period. abrdn plc's holdings in H World Group were worth $2,980,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in H World Group by 344.7% in the 4th quarter. Nordea Investment Management AB now owns 367,343 shares of the company's stock worth $12,324,000 after buying an additional 284,742 shares during the period. American Century Companies Inc. boosted its holdings in H World Group by 6.0% in the third quarter. American Century Companies Inc. now owns 2,057,059 shares of the company's stock valued at $81,110,000 after acquiring an additional 116,641 shares in the last quarter. Trexquant Investment LP lifted its position in shares of H World Group by 10.6% in the 3rd quarter. Trexquant Investment LP now owns 178,932 shares of the company's stock worth $7,055,000 after purchasing an additional 17,153 shares during the period. AIA Group Ltd boosted its position in H World Group by 5.8% during the 4th quarter. AIA Group Ltd now owns 285,062 shares of the company's stock valued at $9,532,000 after acquiring an additional 15,502 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 valued at $331,407,000 after acquiring an additional 58,687 shares in the last quarter. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HTHT shares. Bank of America decreased their price objective on H World Group from $51.00 to $43.00 and set a "buy" rating for the company in a report on Wednesday, March 13th. CLSA assumed coverage on shares of H World Group in a report on Friday. They issued a "buy" rating and a $47.00 price objective on the stock. Macquarie began coverage on H World Group in a research report on Friday, April 19th. They set an "outperform" rating and a $48.00 price objective for the company. Benchmark restated a "buy" rating and set a $64.00 price target on shares of H World Group in a report on Friday, March 22nd. Finally, 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 note on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.40.

H World Group Stock Down 1.6 %

Shares of H World Group stock traded down $0.64 on Monday, reaching $39.42. The company's stock had a trading volume of 1,540,878 shares, compared to its average volume of 1,839,874. H World Group Limited has a 52 week low of $30.20 and a 52 week high of $48.84. The firm's fifty day simple moving average is $38.06 and its two-hundred day simple moving average is $35.71. 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 company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 1.33 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 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $786.00 million during the quarter, compared to the consensus estimate of $759.99 million. H World Group had a return on equity of 31.50% and a net margin of 18.62%. Equities analysts anticipate that H World Group Limited will post 1.94 earnings per share for the current year.

About H World Group

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.