Goldman Sachs Group Inc. Cuts Stake in H World Group Limited (NASDAQ:HTHT)

Goldman Sachs Group Inc. reduced its position in H World Group Limited (NASDAQ:HTHT) by 23.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,015,299 shares of the company’s stock after selling 633,521 shares during the quarter. Goldman Sachs Group Inc. owned about 0.62% of H World Group worth $67,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HTHT. Aviva PLC grew its holdings in H World Group by 5.1% in the third quarter. Aviva PLC now owns 127,000 shares of the company’s stock worth $5,008,000 after purchasing an additional 6,200 shares during the last quarter. Prudential PLC grew its holdings in H World Group by 2.5% in the third quarter. Prudential PLC now owns 31,608 shares of the company’s stock worth $1,246,000 after purchasing an additional 772 shares during the last quarter. Korea Investment CORP grew its holdings in H World Group by 9.6% in the third quarter. Korea Investment CORP now owns 192,501 shares of the company’s stock worth $7,590,000 after purchasing an additional 16,900 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of H World Group during the third quarter valued at $3,263,000. Finally, Aigen Investment Management LP grew its holdings in shares of H World Group by 106.9% during the third quarter. Aigen Investment Management LP now owns 16,373 shares of the company’s stock valued at $646,000 after buying an additional 8,459 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Macquarie assumed coverage on shares of H World Group in a report on Friday, April 19th. They set an “outperform” rating and a $48.00 price objective on the stock. Bank of America dropped their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. 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 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

H World Group Trading Up 1.2 %

NASDAQ HTHT opened at $34.54 on Tuesday. The company has a market capitalization of $11.28 billion, a PE ratio of 21.45, a P/E/G ratio of 1.18 and a beta of 0.82. The company has a fifty day moving average of $38.02 and a 200 day moving average of $36.13. H World Group Limited has a 1 year low of $30.20 and a 1 year high of $48.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.70 and a quick ratio of 0.69.

H World Group (NASDAQ:HTHT) last posted its earnings results on Friday, May 17th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $731.00 million for the quarter. H World Group had a net margin of 16.47% and a return on equity of 28.59%. Research analysts forecast that H World Group Limited will post 1.88 earnings per share for the current year.

H World Group Company Profile

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.