Sumitomo Mitsui Trust Group Inc. Cuts Holdings in H World Group Limited (NASDAQ:HTHT)

Sumitomo Mitsui Trust Group Inc. decreased its stake in H World Group Limited (NASDAQ:HTHT) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 482,765 shares of the company’s stock after selling 25,127 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.15% of H World Group worth $15,946,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Temasek Holdings Private Ltd purchased a new stake in shares of H World Group during the 3rd quarter valued at approximately $81,840,000. TT International Asset Management LTD bought a new position in shares of H World Group during the 3rd quarter valued at $24,915,000. Headwater Capital Co Ltd bought a new position in shares of H World Group during the 4th quarter valued at $9,909,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of H World Group by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company’s stock valued at $8,292,000 after purchasing an additional 131,189 shares during the last quarter. Finally, XY Capital Ltd bought a new position in shares of H World Group during the 3rd quarter valued at $3,145,000. Institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HTHT. Benchmark cut their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. HSBC cut shares of 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. Finally, Hsbc Global Res cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

H World Group Price Performance

H World Group stock opened at $33.55 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.09 and a beta of 0.70. The firm’s fifty day moving average is $32.60 and its 200 day moving average is $33.19.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that H World Group Limited will post 1.65 EPS for the current fiscal year.

H World Group 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.