H World Group Limited (NASDAQ:HTHT) Stake Reduced by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. cut its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 21.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,641 shares of the company’s stock after selling 31,914 shares during the quarter. H World Group comprises approximately 3.1% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 8th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in H World Group were worth $3,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HTHT. Blue Trust Inc. raised its holdings in shares of H World Group by 293.2% in the 3rd quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock valued at $179,000 after buying an additional 3,592 shares during the period. Greenleaf Trust purchased a new stake in H World Group during the third quarter worth about $210,000. Point72 Hong Kong Ltd acquired a new stake in shares of H World Group during the third quarter worth about $418,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of H World Group in the third quarter valued at approximately $450,000. Finally, Creative Planning boosted its stake in shares of H World Group by 22.6% in the second quarter. Creative Planning now owns 12,964 shares of the company’s stock valued at $432,000 after purchasing an additional 2,394 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Benchmark cut 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $46.80.

H World Group Stock Performance

Shares of HTHT stock opened at $32.58 on Monday. The company has a market cap of $10.21 billion, a P/E ratio of 19.75, a PEG ratio of 1.11 and a beta of 0.71. The firm has a fifty day moving average price of $33.04 and a 200 day moving average price of $33.10. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data 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 net margin of 15.97% and a return on equity of 30.41%. During the same period in the previous year, the company posted $0.56 earnings per share. Sell-side analysts predict that H World Group Limited will post 1.65 earnings per share 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.