Platinum Investment Management Ltd. Has $8.20 Million Stake in H World Group Limited (NASDAQ:HTHT)

Platinum Investment Management Ltd. lowered its stake in shares of H World Group Limited (NASDAQ:HTHT) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,238 shares of the company’s stock after selling 37,915 shares during the period. H World Group comprises about 0.5% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 26th biggest holding. Platinum Investment Management Ltd. owned 0.08% of H World Group worth $8,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Daiwa Securities Group Inc. bought a new position in H World Group in the 4th quarter worth $33,000. US Bancorp DE boosted its position in H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after buying an additional 845 shares in the last quarter. Blue Trust Inc. boosted its position in H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after buying an additional 650 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in H World Group by 11.9% in 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 buying an additional 936 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of H World Group in the third quarter worth about $418,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Trading Up 0.8 %

HTHT opened at $38.48 on Wednesday. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.28 and a beta of 0.70. The company’s 50 day moving average price is $34.26 and its two-hundred day moving average price is $34.52.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HTHT. Benchmark dropped their price target on shares of 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 downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a research report on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.68.

H World Group Company 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.