6,597 Shares in H World Group Limited (NASDAQ:HTHT) Bought by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in H World Group Limited (NASDAQ:HTHT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,597 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of H World Group by 344.7% in the fourth quarter. Nordea Investment Management AB now owns 367,343 shares of the company’s stock worth $12,324,000 after purchasing an additional 284,742 shares during the period. American Century Companies Inc. grew its position 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 during the last quarter. Trexquant Investment LP grew its position in H World Group by 10.6% in the third quarter. Trexquant Investment LP now owns 178,932 shares of the company’s stock valued at $7,055,000 after acquiring an additional 17,153 shares during the last quarter. Vanguard Group Inc. grew its position in H World Group by 0.7% in the third 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 during the last quarter. Finally, Federated Hermes Inc. bought a new position in H World Group in the third quarter valued at about $72,809,000. Institutional investors own 46.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HTHT shares. JPMorgan Chase & Co. lifted their target price on H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Bank of America decreased their target price on 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. Finally, Benchmark reiterated a “buy” rating and issued a $64.00 target price on shares of H World Group in a research report on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, H World Group presently has a consensus rating of “Moderate Buy” and an average price target of $50.67.

H World Group Stock Performance

Shares of HTHT stock opened at $37.36 on Friday. The business’s 50-day moving average price is $37.47 and its 200-day moving average price is $35.69. H World Group Limited has a 12 month low of $30.20 and a 12 month high of $50.00. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.27 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 quarterly earnings results on Wednesday, March 20th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. H World Group had a return on equity of 31.50% and a net margin of 18.62%. The firm had revenue of $786.00 million for the quarter, compared to analyst estimates of $759.99 million. Equities research analysts forecast that H World Group Limited will post 1.94 EPS 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.