Mirae Asset Global Investments Co. Ltd. Acquires 131,189 Shares of H World Group Limited (NASDAQ:HTHT)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 109.4% in the 4th quarter, HoldingsChannel reports. The fund owned 251,056 shares of the company’s stock after purchasing an additional 131,189 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in H World Group were worth $8,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HTHT. abrdn plc raised its position in H World Group by 1.6% in the 4th quarter. abrdn plc now owns 114,030 shares of the company’s stock valued at $3,791,000 after buying an additional 1,751 shares during the last quarter. Blue Trust Inc. lifted its position in shares of H World Group by 13.5% during 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. Headwater Capital Co Ltd purchased a new position in H World Group during the fourth quarter worth about $9,909,000. Nordea Investment Management AB grew its position in H World Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 508,422 shares of the company’s stock worth $16,961,000 after purchasing an additional 51,213 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new stake in H World Group in the 3rd quarter valued at about $24,915,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Stock Performance

Shares of HTHT stock opened at $32.57 on Friday. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98. The stock has a market capitalization of $10.21 billion, a P/E ratio of 19.74, a PEG ratio of 1.11 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $32.58 and its 200 day moving average is $33.11.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share 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 previous year, the firm earned $0.56 earnings per share. On average, sell-side analysts anticipate that H World Group Limited will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

HTHT has been the subject of a number of recent analyst reports. Benchmark reduced their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Hsbc Global Res lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, HSBC downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price for the company. in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

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.