Sumitomo Mitsui Trust Holdings Inc. Purchases 20,837 Shares of H World Group Limited (NASDAQ:HTHT)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in H World Group Limited (NASDAQ:HTHTFree Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 478,567 shares of the company’s stock after purchasing an additional 20,837 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.15% of H World Group worth $18,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in shares of H World Group in the fourth quarter worth approximately $395,000. Grayhawk Investment Strategies Inc. bought a new stake in H World Group in the fourth quarter valued at $430,000. Vanguard Group Inc. boosted its holdings in H World Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,432,587 shares of the company’s stock valued at $281,986,000 after acquiring an additional 27,629 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in H World Group by 563.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 451,287 shares of the company’s stock valued at $15,091,000 after acquiring an additional 383,298 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its holdings in H World Group by 98.7% in the fourth quarter. Capital Fund Management S.A. now owns 209,506 shares of the company’s stock valued at $7,006,000 after acquiring an additional 104,068 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Performance

Shares of HTHT stock opened at $31.06 on Wednesday. H World Group Limited has a 12 month low of $30.20 and a 12 month high of $48.84. The stock has a market cap of $10.14 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $36.33 and its 200-day moving average price is $35.97.

H World Group (NASDAQ:HTHTGet Free Report) last posted its quarterly earnings results on Friday, May 17th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $731.00 million during the quarter. H World Group had a return on equity of 28.59% and a net margin of 16.47%. On average, equities analysts expect that H World Group Limited will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. 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 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of H World Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Benchmark reiterated a “buy” rating and issued a $64.00 price target on shares of H World Group in a report on Friday, March 22nd. Macquarie started coverage on shares of H World Group in a report on Friday, April 19th. They issued an “outperform” rating and a $48.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.00.

Read Our Latest Stock Analysis on HTHT

About H World Group

(Free Report)

H World Group Limited develops leased and owned, manachised, and franchised hotels 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.

Further Reading

Institutional Ownership by Quarter for H World Group (NASDAQ:HTHT)

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