abrdn plc Sells 22,757 Shares of H World Group Limited (NASDAQ:HTHT)

abrdn plc reduced its stake in H World Group Limited (NASDAQ:HTHT) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HTHT. Blue Trust Inc. raised its stake in H World Group by 48.6% during the 4th quarter. Blue Trust Inc. now owns 3,386 shares of the company’s stock worth $113,000 after buying an additional 1,108 shares during the period. NewEdge Wealth LLC bought a new stake in shares of H World Group during the fourth quarter worth approximately $221,000. Greenleaf Trust bought a new stake in shares of H World Group during the third quarter worth approximately $228,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of H World Group by 18.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,199 shares of the company’s stock worth $284,000 after acquiring an additional 1,105 shares during the period. Finally, DNB Asset Management AS boosted its holdings in shares of H World Group by 24.6% during the fourth quarter. DNB Asset Management AS now owns 12,689 shares of the company’s stock worth $424,000 after acquiring an additional 2,502 shares during the period. 46.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

H World Group Stock Up 0.8 %

H World Group stock opened at $40.06 on Monday. The firm has a 50 day moving average price of $38.06 and a 200-day moving average price of $35.71. The company has a market capitalization of $13.08 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.33 and a beta of 0.92. H World Group Limited has a twelve month low of $30.20 and a twelve month high of $48.84. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $786.00 million for the quarter, compared to analysts’ expectations 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, equities analysts predict that H World Group Limited will post 1.94 EPS 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.