Rhumbline Advisers Purchases 791 Shares of H World Group Limited (NASDAQ:HTHT)

Rhumbline Advisers raised its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,688 shares of the company’s stock after purchasing an additional 791 shares during the quarter. Rhumbline Advisers’ holdings in H World Group were worth $1,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. increased its position in shares of H World Group by 12.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,242 shares of the company’s stock worth $1,077,000 after acquiring an additional 3,547 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after purchasing an additional 936 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of H World Group by 109.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company’s stock worth $8,292,000 after purchasing an additional 131,189 shares during the last quarter. abrdn plc lifted its holdings in shares of H World Group by 1.6% in the fourth quarter. abrdn plc now owns 114,030 shares of the company’s stock valued at $3,791,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HTHT. HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a research report on Wednesday, February 5th. Benchmark lowered their target price on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Hsbc Global Res lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

H World Group Stock Up 2.5 %

Shares of NASDAQ:HTHT opened at $37.55 on Thursday. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The company has a market capitalization of $11.77 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The business has a fifty day moving average price of $33.36 and a two-hundred day moving average price of $33.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

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.