Sumitomo Mitsui Trust Group Inc. Lowers Holdings in H World Group Limited (NASDAQ:HTHT)

Sumitomo Mitsui Trust Group Inc. decreased its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 482,765 shares of the company's stock after selling 25,127 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.15% of H World Group worth $15,946,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after buying an additional 650 shares during the last quarter. abrdn plc increased its stake in H World Group by 1.6% in the 4th quarter. abrdn plc now owns 114,030 shares of the company's stock valued at $3,791,000 after buying an additional 1,751 shares during the last quarter. Creative Planning increased its stake in H World Group by 22.6% in the 2nd quarter. Creative Planning now owns 12,964 shares of the company's stock valued at $432,000 after buying an additional 2,394 shares during the last quarter. Greenleaf Trust purchased a new stake in H World Group in the 3rd quarter valued at about $210,000. Finally, Quantbot Technologies LP increased its stake in H World Group by 21.4% in the 3rd quarter. Quantbot Technologies LP now owns 62,935 shares of the company's stock valued at $2,341,000 after buying an additional 11,081 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HTHT shares. Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Benchmark reduced their target price on shares of 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. Finally, HSBC downgraded shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.40.

H World Group Stock Performance

HTHT traded up $1.66 on Friday, hitting $36.46. The company's stock had a trading volume of 4,759,915 shares, compared to its average volume of 1,587,123. The company's 50 day simple moving average is $32.71 and its 200-day simple moving average is $33.29. The firm has a market cap of $11.42 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. H World Group Limited has a 12 month low of $27.03 and a 12 month 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.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts forecast that H World Group Limited will post 1.65 EPS for the current year.

H World Group Company 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.