NewEdge Wealth LLC Makes New Investment in H World Group Limited (NASDAQ:HTHT)

NewEdge Wealth LLC acquired a new position in H World Group Limited (NASDAQ:HTHT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,597 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Advisor Group Holdings Inc. lifted its holdings in H World Group by 41.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 759 shares of the company’s stock worth $33,000 after buying an additional 224 shares during the period. FMR LLC lifted its stake in shares of H World Group by 43.6% in the 2nd quarter. FMR LLC now owns 1,460 shares of the company’s stock valued at $56,000 after purchasing an additional 443 shares during the period. National Pension Service lifted its stake in shares of H World Group by 1.2% in the 3rd quarter. National Pension Service now owns 37,523 shares of the company’s stock valued at $1,307,000 after purchasing an additional 454 shares during the period. Mariner LLC lifted its stake in shares of H World Group by 10.6% in the 3rd quarter. Mariner LLC now owns 6,228 shares of the company’s stock valued at $246,000 after purchasing an additional 596 shares during the period. Finally, Ensign Peak Advisors Inc lifted its stake in shares of H World Group by 5.0% in the 3rd quarter. Ensign Peak Advisors Inc now owns 13,700 shares of the company’s stock valued at $459,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HTHT. Benchmark restated a “buy” rating and issued a $64.00 target price on shares of H World Group in a research note on Friday, March 22nd. Bank of America lowered their target price on H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised their target price on H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.67.

H World Group Stock Down 1.0 %

HTHT stock opened at $37.36 on Friday. H World Group Limited has a twelve month low of $30.20 and a twelve month high of $50.00. 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 firm has a market cap of $12.20 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The business has a 50 day moving average of $37.47 and a 200 day moving average of $35.69.

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 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 company had revenue of $786.00 million during the quarter, compared to analyst estimates of $759.99 million. On average, research analysts forecast that H World Group Limited will post 1.94 EPS for the current fiscal year.

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.