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

ABS Direct Equity Fund LLC lessened its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,394 shares of the company's stock after selling 21,600 shares during the quarter. H World Group comprises approximately 1.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 26th largest position. ABS Direct Equity Fund LLC's holdings in H World Group were worth $1,433,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HTHT. Blue Trust Inc. increased its stake in shares of H World Group by 293.2% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the company's stock worth $179,000 after purchasing an additional 3,592 shares during the period. Greenleaf Trust bought a new stake in shares of H World Group in the third quarter valued at approximately $210,000. Point72 Hong Kong Ltd acquired a new stake in shares of H World Group in the third quarter worth $418,000. Creative Planning increased its position in H World Group by 22.6% during the second quarter. Creative Planning now owns 12,964 shares of the company's stock worth $432,000 after acquiring an additional 2,394 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in H World Group during the 3rd quarter valued at $450,000. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Price Performance

HTHT stock traded down $1.19 during trading on Friday, hitting $32.22. 377,027 shares of the stock traded hands, compared to its average volume of 1,908,512. 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 stock has a market cap of $10.10 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.11 and a beta of 0.71. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The company has a 50 day simple moving average of $32.77 and a 200 day simple moving average of $33.10.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings results 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 return on equity of 30.41% and a net margin of 15.97%. During the same period in the prior year, the business earned $0.56 EPS. Equities 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 target on shares of H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target 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.