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

Mirae Asset Global Investments Co. Ltd. grew its holdings in H World Group Limited (NASDAQ:HTHT) by 109.4% during the 4th quarter, according to the company in its most recent filing with the SEC. 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. owned approximately 0.08% of H World Group worth $8,292,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of H World Group by 293.2% during the third quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock worth $179,000 after buying an additional 3,592 shares in the last quarter. Greenleaf Trust acquired a new position in H World Group in the 3rd quarter worth about $210,000. Point72 Hong Kong Ltd bought a new position in H World Group in the third quarter valued at about $418,000. Creative Planning boosted its stake in shares of H World Group by 22.6% during 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 in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of H World Group during the third quarter worth about $450,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Price Performance

Shares of HTHT opened at $32.57 on Friday. The firm has a market cap of $10.21 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The business’s 50 day moving average price is $32.58 and its two-hundred day moving average price is $33.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group (NASDAQ:HTHT) last issued its earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $0.56 EPS. On average, equities analysts anticipate that H World Group Limited will post 1.65 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HTHT. Hsbc Global Res lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Benchmark lowered their target price on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.40.

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.