Victory Capital Management Inc. Acquires 13,466 Shares of H World Group Limited (NASDAQ:HTHT)

Victory Capital Management Inc. boosted its holdings in H World Group Limited (NASDAQ:HTHT) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 931,431 shares of the company’s stock after purchasing an additional 13,466 shares during the quarter. Victory Capital Management Inc.’s holdings in H World Group were worth $31,147,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HTHT. Nordea Investment Management AB lifted its holdings 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 buying an additional 284,742 shares in the last quarter. American Century Companies Inc. lifted its stake in H World Group by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 2,057,059 shares of the company’s stock worth $81,110,000 after purchasing an additional 116,641 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of H World Group by 10.6% during the 3rd quarter. Trexquant Investment LP now owns 178,932 shares of the company’s stock valued at $7,055,000 after purchasing an additional 17,153 shares during the last quarter. AIA Group Ltd grew its position in shares of H World Group by 5.8% during the fourth quarter. AIA Group Ltd now owns 285,062 shares of the company’s stock valued at $9,532,000 after purchasing an additional 15,502 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of H World Group by 0.7% in the third quarter. Vanguard Group Inc. now owns 8,404,958 shares of the company’s stock worth $331,407,000 after purchasing an additional 58,687 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Down 1.9 %

Shares of NASDAQ HTHT opened at $40.17 on Wednesday. H World Group Limited has a 52-week low of $30.20 and a 52-week high of $48.84. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.36 and a beta of 0.93. The stock has a 50 day moving average price of $38.33 and a 200 day moving average price of $35.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

H World Group (NASDAQ:HTHT) last issued its earnings results 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 business had revenue of $786.00 million during the quarter, compared to analyst estimates of $759.99 million. Sell-side analysts expect that H World Group Limited will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target 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. CLSA assumed coverage on shares of H World Group in a report on Friday, April 26th. They issued a “buy” rating and a $47.00 target price for the company. 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 note on Wednesday, March 13th. Macquarie started coverage on H World Group in a research note on Friday, April 19th. They set an “outperform” rating and a $48.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $64.00 price objective 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 five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.