ABS Direct Equity Fund LLC Buys New Position in H World Group Limited (NASDAQ:HTHT)

ABS Direct Equity Fund LLC acquired a new stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,794 shares of the company's stock, valued at approximately $2,300,000. H World Group makes up 2.2% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 15th biggest holding.

Other large investors have also bought and sold shares of the company. Schroder Investment Management Group lifted its holdings in shares of H World Group by 5.3% during the third quarter. Schroder Investment Management Group now owns 15,350,066 shares of the company's stock valued at $605,253,000 after purchasing an additional 766,303 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of H World Group by 0.7% in the third quarter. Vanguard Group Inc. now owns 8,404,958 shares of the company's stock worth $331,407,000 after acquiring an additional 58,687 shares during the period. Federated Hermes Inc. raised its holdings in shares of H World Group by 20.7% during the fourth quarter. Federated Hermes Inc. now owns 2,229,079 shares of the company's stock valued at $74,540,000 after purchasing an additional 382,538 shares during the last quarter. American Century Companies Inc. lifted its position in H World Group by 6.0% during the third quarter. American Century Companies Inc. now owns 2,057,059 shares of the company's stock valued at $81,110,000 after purchasing an additional 116,641 shares during the period. Finally, Broad Peak Investment Holdings Ltd. boosted its holdings in H World Group by 110.7% in the third quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company's stock worth $53,656,000 after purchasing an additional 714,801 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

H World Group stock traded up $1.24 during midday trading on Friday, hitting $40.98. The stock had a trading volume of 1,936,486 shares, compared to its average volume of 1,352,717. H World Group Limited has a 52-week low of $30.20 and a 52-week high of $48.84. The company has a market capitalization of $13.38 billion, a PE ratio of 23.28, a P/E/G ratio of 1.36 and a beta of 0.93. The firm's fifty day moving average is $38.22 and its two-hundred day moving average is $35.84. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $786.00 million during the quarter, compared to analysts' expectations of $759.99 million. On average, research analysts forecast that H World Group Limited will post 1.94 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HTHT shares. Benchmark reiterated a "buy" rating and set a $64.00 target price on shares of H World Group in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on H World Group from $40.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Macquarie started coverage on H World Group in a research note on Friday, April 19th. They set an "outperform" rating and a $48.00 price target for the company. CLSA assumed coverage on shares of H World Group in a research note on Friday, April 26th. They issued a "buy" rating and a $47.00 price objective 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 five have given a buy rating to the company's stock. According to 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 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.