Nordea Investment Management AB Has $16.96 Million Position in H World Group Limited (NASDAQ:HTHT)

Nordea Investment Management AB lifted its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 508,422 shares of the company's stock after acquiring an additional 51,213 shares during the quarter. Nordea Investment Management AB owned about 0.16% of H World Group worth $16,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTHT. Headlands Technologies LLC acquired a new position in shares of H World Group in the 2nd quarter worth approximately $91,000. Blue Trust Inc. increased its holdings 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 valued at $179,000 after buying an additional 3,592 shares in the last quarter. Greenleaf Trust acquired a new stake in shares of H World Group during the 3rd quarter valued at $210,000. Jupiter Asset Management Ltd. bought a new stake in shares of H World Group during the 2nd quarter worth $373,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of H World Group in the 3rd quarter worth $418,000. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their price target 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $46.80.

H World Group Stock Up 1.8 %

Shares of H World Group stock traded up $0.57 during midday trading on Thursday, hitting $32.12. The company's stock had a trading volume of 1,790,442 shares, compared to its average volume of 3,264,588. The firm has a market capitalization of $10.06 billion, a P/E ratio of 19.47, a PEG ratio of 1.06 and a beta of 0.71. 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 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a 50-day simple moving average of $34.16 and a 200-day simple moving average of $33.19.

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.