abrdn plc Raises Holdings in H World Group Limited (NASDAQ:HTHT)

abrdn plc raised its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 38.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,279 shares of the company's stock after acquiring an additional 31,431 shares during the period. abrdn plc's holdings in H World Group were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Greenleaf Trust acquired a new stake in shares of H World Group in the third quarter valued at approximately $210,000. Blue Trust Inc. boosted its stake in H World Group by 293.2% during the 3rd 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. Creative Planning increased its stake in H World Group by 62.6% in the third quarter. Creative Planning now owns 21,075 shares of the company's stock valued at $784,000 after purchasing an additional 8,111 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of H World Group by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company's stock worth $2,493,000 after buying an additional 950 shares during the period. Finally, Scientech Research LLC acquired a new position in H World Group in the 2nd quarter valued at about $673,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

NASDAQ:HTHT traded down $0.83 during mid-day trading on Monday, reaching $36.79. The stock had a trading volume of 1,978,299 shares, compared to its average volume of 1,876,030. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The business has a 50 day simple moving average of $34.61 and a 200 day simple moving average of $34.34. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 1.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). H World Group had a net margin of 16.32% and a return on equity of 29.32%. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. On average, analysts expect that H World Group Limited will post 1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark lowered their target price on 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 stock currently has a consensus rating of "Buy" and an average target price of $47.80.

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.