Sumitomo Mitsui Trust Group Inc. Has $18.89 Million Stake in H World Group Limited (NASDAQ:HTHT)

Sumitomo Mitsui Trust Group Inc. increased its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 507,892 shares of the company's stock after acquiring an additional 28,953 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of H World Group worth $18,894,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of H World Group by 192.4% during the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company's stock worth $220,188,000 after purchasing an additional 3,744,106 shares during the period. Canada Pension Plan Investment Board increased its stake in H World Group by 80.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company's stock valued at $58,067,000 after acquiring an additional 669,200 shares during the period. Capital International Inc. CA increased its stake in H World Group by 57.7% in the first quarter. Capital International Inc. CA now owns 1,803,048 shares of the company's stock valued at $69,778,000 after acquiring an additional 659,914 shares during the period. Public Sector Pension Investment Board increased its stake in H World Group by 724.3% in the second quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company's stock valued at $19,022,000 after acquiring an additional 501,634 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in H World Group by 87.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 831,800 shares of the company's stock valued at $32,191,000 after acquiring an additional 387,400 shares during the period. Institutional investors own 46.41% of the company's stock.

Analyst Ratings Changes

Separately, Benchmark lowered their target price on shares of H World Group from $64.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $47.80.

H World Group Price Performance

NASDAQ:HTHT traded up $0.32 on Monday, reaching $36.13. The stock had a trading volume of 1,297,174 shares, compared to its average volume of 1,865,739. The company has a market capitalization of $11.80 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $36.10 and a 200-day moving average price of $34.19.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.06). The firm had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. Research analysts forecast that H World Group Limited will post 1.77 EPS for the current year.

About H World Group

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.