Handelsbanken Fonder AB Sells 8,743 Shares of H World Group Limited (NASDAQ:HTHT)

Handelsbanken Fonder AB lowered its holdings in H World Group Limited (NASDAQ:HTHT) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,057 shares of the company’s stock after selling 8,743 shares during the quarter. Handelsbanken Fonder AB’s holdings in H World Group were worth $2,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HTHT. Blue Trust Inc. increased its stake in H World Group by 48.6% in the fourth quarter. Blue Trust Inc. now owns 3,386 shares of the company’s stock valued at $113,000 after acquiring an additional 1,108 shares during the period. NewEdge Wealth LLC bought a new stake in H World Group in the fourth quarter valued at about $221,000. Greenleaf Trust bought a new stake in H World Group in the third quarter valued at about $228,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in H World Group by 18.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,199 shares of the company’s stock valued at $284,000 after acquiring an additional 1,105 shares during the period. Finally, DNB Asset Management AS boosted its position in H World Group by 24.6% in the fourth quarter. DNB Asset Management AS now owns 12,689 shares of the company’s stock valued at $424,000 after buying an additional 2,502 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of HTHT stock opened at $40.06 on Friday. H World Group Limited has a 1 year low of $30.20 and a 1 year high of $48.84. The firm’s 50 day moving average is $38.00 and its 200-day moving average is $35.71. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.30 and a beta of 0.92. 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) last announced 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. The company had revenue of $786.00 million for the quarter, compared to analyst estimates of $759.99 million. H World Group had a net margin of 18.62% and a return on equity of 31.50%. Sell-side analysts forecast that H World Group Limited will post 1.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on HTHT shares. Bank of America reduced their price target on shares of H World Group from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. JPMorgan Chase & Co. boosted 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. CLSA started coverage on shares of H World Group in a research report on Friday. They issued a “buy” rating and a $47.00 price target on the stock. Macquarie started coverage on shares of H World Group in a research report on Friday, April 19th. They issued an “outperform” rating and a $48.00 price target on the stock. Finally, 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, H World Group presently has an average rating of “Moderate Buy” and a consensus price target of $49.40.

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.