ABS Direct Equity Fund LLC Has $1.43 Million Position in H World Group Limited (NASDAQ:HTHT)

ABS Direct Equity Fund LLC cut its stake in H World Group Limited (NASDAQ:HTHT) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,394 shares of the company’s stock after selling 21,600 shares during the quarter. H World Group makes up approximately 1.7% of ABS Direct Equity Fund LLC’s investment portfolio, making the stock its 26th largest holding. ABS Direct Equity Fund LLC’s holdings in H World Group were worth $1,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd bought a new stake in H World Group during the 3rd quarter worth $81,840,000. Geode Capital Management LLC grew its stake in H World Group by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock worth $47,455,000 after purchasing an additional 11,684 shares during the period. TT International Asset Management LTD bought a new stake in H World Group in the third quarter valued at $24,915,000. Dimensional Fund Advisors LP raised its position in shares of H World Group by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company’s stock worth $18,631,000 after purchasing an additional 7,572 shares during the period. Finally, Nordea Investment Management AB increased its holdings in H World Group by 11.2% during 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. Institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

NASDAQ:HTHT opened at $32.64 on Tuesday. The stock has a fifty day moving average of $32.97 and a 200 day moving average of $33.11. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.11 and a beta of 0.71.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share (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 business posted $0.56 earnings per share. On average, research analysts expect that H World Group Limited will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark decreased their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $46.80.

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.