Van ECK Associates Corp Sells 64,191 Shares of H World Group Limited (NASDAQ:HTHT)

Van ECK Associates Corp cut its stake in shares of H World Group Limited (NASDAQ:HTHT) by 65.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,198 shares of the company’s stock after selling 64,191 shares during the quarter. Van ECK Associates Corp’s holdings in H World Group were worth $1,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of H World Group by 293.2% during the third quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock valued at $179,000 after acquiring an additional 3,592 shares in the last quarter. Greenleaf Trust bought a new position in shares of H World Group during the third quarter valued at $210,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after acquiring an additional 936 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of H World Group during the third quarter valued at $418,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of H World Group during the third quarter valued at $450,000. 46.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Benchmark dropped their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Hsbc Global Res cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, HSBC cut H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective on the stock. in a research report on Wednesday, February 5th. 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

H World Group Stock Down 1.6 %

HTHT stock opened at $36.32 on Friday. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $11.38 billion, a P/E ratio of 22.01, a PEG ratio of 1.30 and a beta of 0.70. The business’s 50-day moving average price is $32.97 and its 200-day moving average price is $33.51.

H World Group (NASDAQ:HTHT) last issued its earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a net margin of 15.97% and a return on equity of 30.41%. During the same period in the prior year, the company posted $0.56 EPS. On average, equities research analysts forecast that H World Group Limited will post 1.65 EPS for the current year.

About H World Group

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.