E Fund Management Co. Ltd. Has $5.54 Million Stake in H World Group Limited (NASDAQ:HTHT)

E Fund Management Co. Ltd. grew its position in shares of H World Group Limited (NASDAQ:HTHT) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,373 shares of the company’s stock after buying an additional 3,416 shares during the quarter. E Fund Management Co. Ltd.’s holdings in H World Group were worth $5,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in H World Group by 716.7% in the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after purchasing an additional 1,075 shares during the last quarter. Headlands Technologies LLC acquired a new stake in H World Group in the 2nd quarter worth approximately $91,000. AdvisorShares Investments LLC acquired a new stake in H World Group in the 4th quarter worth approximately $177,000. Panagora Asset Management Inc. lifted its holdings in H World Group by 28.1% in the 4th quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock worth $231,000 after purchasing an additional 1,517 shares during the last quarter. Finally, BOCHK Asset Management Ltd acquired a new stake in H World Group in the 4th quarter worth approximately $234,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HTHT shares. Benchmark reduced their target price on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on H World Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, H World Group presently has an average rating of “Moderate Buy” and an average price target of $47.80.

H World Group Stock Up 1.0 %

Shares of HTHT stock opened at $29.03 on Wednesday. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.21. The firm has a market cap of $9.48 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.12 and a beta of 0.76. The stock has a 50 day moving average of $29.73 and a 200-day moving average of $34.62. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). H World Group had a return on equity of 29.32% and a net margin of 16.32%. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $839.89 million. On average, equities analysts predict that H World Group Limited will post 1.74 EPS for the current year.

H World Group Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th were given a dividend of $0.63 per share. This represents a dividend yield of 3.9%. The ex-dividend date was Wednesday, August 14th. H World Group’s dividend payout ratio is presently 75.16%.

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.