H World Group Limited (NASDAQ:HTHT) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,198 shares of the company's stock after selling 64,191 shares during the period. Van ECK Associates Corp's holdings in H World Group were worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HTHT. Blue Trust Inc. increased its position 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 purchased a new position in H World Group during the 3rd quarter valued at about $210,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in H World Group by 11.9% during the fourth 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. Point72 Hong Kong Ltd purchased a new stake in shares of H World Group in the third quarter valued at about $418,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of H World Group in the third quarter valued at approximately $450,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HTHT shares. Benchmark reduced their target price on H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Hsbc Global Res cut H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, HSBC lowered 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 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 stock. According to data from MarketBeat, H World Group presently has an average rating of "Moderate Buy" and an average target price of $44.40.

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H World Group Trading Up 0.8 %

NASDAQ:HTHT traded up $0.28 during trading hours on Tuesday, reaching $35.66. 1,359,568 shares of the company were exchanged, compared to its average volume of 2,090,802. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.28 and a beta of 0.70. The stock has a 50 day simple moving average of $33.05 and a 200 day simple moving average of $33.68. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. 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 (NASDAQ:HTHT - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.58 earnings per share 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 period in the previous year, the business earned $0.56 earnings per share. As a group, analysts predict that H World Group Limited will post 1.65 EPS for the current year.

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.