OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 46,767 H World Group Limited (NASDAQ:HTHT)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,767 shares of the company's stock, valued at approximately $1,739,000.

A number of other large investors have also recently added to or reduced their stakes in HTHT. 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 acquiring an additional 3,744,106 shares during the last quarter. Capital International Inc. CA raised its position in shares of 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 purchasing an additional 659,914 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of H World Group by 80.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company's stock worth $58,067,000 after buying an additional 669,200 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of H World Group by 87.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 831,800 shares of the company's stock worth $32,191,000 after buying an additional 387,400 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in H World Group by 724.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company's stock valued at $19,022,000 after buying an additional 501,634 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Stock Performance

NASDAQ:HTHT traded up $0.07 during mid-day trading on Wednesday, reaching $36.00. 1,412,564 shares of the company's stock were exchanged, compared to its average volume of 1,874,494. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market capitalization of $11.76 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The business's fifty day simple moving average is $35.61 and its two-hundred day simple moving average is $34.26.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.06). The business 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%. Analysts anticipate that H World Group Limited will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark reduced their price objective on H World Group from $64.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.