Platinum Investment Management Ltd. Decreases Stake in H World Group Limited (NASDAQ:HTHT)

Platinum Investment Management Ltd. trimmed its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 248,238 shares of the company's stock after selling 37,915 shares during the period. H World Group makes up 0.5% of Platinum Investment Management Ltd.'s investment portfolio, making the stock its 26th largest holding. Platinum Investment Management Ltd. owned 0.08% of H World Group worth $8,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HTHT. Daiwa Securities Group Inc. purchased a new stake in shares of H World Group during the 4th quarter valued at about $33,000. US Bancorp DE increased its holdings in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after buying an additional 845 shares during the last quarter. Blue Trust Inc. raised its position in H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock worth $181,000 after acquiring an additional 650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after acquiring an additional 936 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of H World Group during the 3rd quarter valued at $418,000. Institutional investors own 46.41% of the company's stock.

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Wall Street Analysts Forecast Growth

HTHT has been the topic of several analyst reports. Benchmark cut their price target on H World Group from $53.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. HSBC cut shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price on the stock. in a research note on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, H World Group currently has an average rating of "Moderate Buy" and a consensus target price of $44.68.

H World Group Price Performance

Shares of NASDAQ:HTHT traded down $0.11 during trading on Friday, hitting $37.60. 2,795,826 shares of the company's stock were exchanged, compared to its average volume of 1,748,173. The business's 50-day simple moving average is $34.63 and its 200 day simple moving average is $34.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.28 and a beta of 0.70.

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.