California Public Employees Retirement System Sells 15,858 Shares of H World Group Limited (NASDAQ:HTHT)

California Public Employees Retirement System decreased its position in shares of H World Group Limited (NASDAQ:HTHT) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,733 shares of the company’s stock after selling 15,858 shares during the quarter. California Public Employees Retirement System’s holdings in H World Group were worth $12,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted 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 acquiring an additional 1,108 shares during the last quarter. Greenleaf Trust acquired a new stake in H World Group during the 3rd quarter worth approximately $228,000. NewEdge Wealth LLC acquired a new stake in H World Group during the 4th quarter worth approximately $221,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in H World Group by 18.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,199 shares of the company’s stock worth $284,000 after buying an additional 1,105 shares during the period. Finally, DNB Asset Management AS raised its holdings in H World Group by 24.6% during the 4th quarter. DNB Asset Management AS now owns 12,689 shares of the company’s stock worth $424,000 after buying an additional 2,502 shares during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 2.1 %

HTHT stock opened at $37.49 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $35.74. H World Group Limited has a one year low of $30.20 and a one year high of $48.84. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. CLSA assumed coverage on shares of H World Group in a report on Friday, April 26th. They set a “buy” rating and a $47.00 target price on the stock. Bank of America dropped their target price on shares of H World Group from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Benchmark reiterated a “buy” rating and issued a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. Macquarie began coverage on shares of H World Group in a research note on Friday, April 19th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of 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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.