abrdn plc Decreases Stake in H World Group Limited (NASDAQ:HTHT)

abrdn plc lowered its position in shares of H World Group Limited (NASDAQ:HTHT) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 89,126 shares of the company’s stock after selling 22,757 shares during the quarter. abrdn plc’s holdings in H World Group were worth $2,980,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Schroder Investment Management Group grew its holdings in shares of H World Group by 5.3% during the 3rd quarter. Schroder Investment Management Group now owns 15,350,066 shares of the company’s stock worth $605,253,000 after purchasing an additional 766,303 shares during the period. Vanguard Group Inc. lifted its position in H World Group by 0.7% during the 3rd 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 in the last quarter. Federated Hermes Inc. lifted its position in H World Group by 20.7% during the 4th quarter. Federated Hermes Inc. now owns 2,229,079 shares of the company’s stock worth $74,540,000 after acquiring an additional 382,538 shares in the last quarter. American Century Companies Inc. lifted its position in H World Group by 6.0% during the 3rd quarter. American Century Companies Inc. now owns 2,057,059 shares of the company’s stock worth $81,110,000 after acquiring an additional 116,641 shares in the last quarter. Finally, Broad Peak Investment Holdings Ltd. lifted its position in H World Group by 110.7% during the 3rd quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company’s stock worth $53,656,000 after acquiring an additional 714,801 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. CLSA assumed coverage on H World Group in a research report on Friday. They set a “buy” rating and a $47.00 price target on the stock. Benchmark reissued a “buy” rating and set a $64.00 price target on shares of H World Group in a research report on Friday, March 22nd. Macquarie began coverage on H World Group in a research report on Friday, April 19th. They set an “outperform” rating and a $48.00 price target on the stock. Bank of America cut 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, JPMorgan Chase & Co. upped 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. One investment 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, H World Group has an average rating of “Moderate Buy” and an average target price of $49.40.

H World Group Stock Up 0.8 %

Shares of H World Group stock opened at $40.06 on Monday. The stock 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 cap 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. 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 Limited has a 1 year low of $30.20 and a 1 year high of $48.84.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $759.99 million. H World Group had a return on equity of 31.50% and a net margin of 18.62%. As a group, analysts expect that H World Group Limited will post 1.94 EPS for the current fiscal 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.