H World Group Limited (NASDAQ:HTHT) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its position in shares of H World Group Limited (NASDAQ:HTHT) by 50.2% during the first quarter, HoldingsChannel reports. The firm owned 13,900 shares of the company’s stock after selling 14,000 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in H World Group were worth $538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group raised its stake in shares of H World Group by 6.8% in the 4th quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock valued at $548,080,000 after purchasing an additional 1,039,888 shares in the last quarter. Vanguard Group Inc. grew its position in shares of H World Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,432,587 shares of the company’s stock worth $281,986,000 after acquiring an additional 27,629 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of H World Group by 20.7% in the 4th quarter. Federated Hermes Inc. now owns 2,229,079 shares of the company’s stock valued at $74,540,000 after acquiring an additional 382,538 shares during the last quarter. American Century Companies Inc. raised its position in shares of H World Group by 6.0% during the 3rd quarter. American Century Companies Inc. now owns 2,057,059 shares of the company’s stock valued at $81,110,000 after acquiring an additional 116,641 shares in the last quarter. Finally, Norges Bank bought a new position in H World Group during the fourth quarter worth $46,460,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Trading Down 0.4 %

H World Group stock opened at $33.32 on Wednesday. H World Group Limited has a 12-month low of $30.20 and a 12-month high of $48.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a market capitalization of $10.88 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76. The firm has a 50 day simple moving average of $37.02 and a 200-day simple moving average of $36.04.

H World Group (NASDAQ:HTHT) last released its earnings results on Friday, May 17th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). H World Group had a return on equity of 28.59% and a net margin of 16.47%. The firm had revenue of $731.00 million during the quarter. As a group, equities research analysts expect that H World Group Limited will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HTHT has been the subject of several recent research reports. Bank of America lowered their target price on shares of H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. raised their target price on shares of H World Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Macquarie began coverage on H World Group in a report on Friday, April 19th. They set an “outperform” rating and a $48.00 target price for the company. Benchmark reissued a “buy” rating and issued a $64.00 price target on shares of H World Group in a report on Friday, March 22nd. Finally, CLSA assumed coverage on H World Group in a research note on Friday, April 26th. They set a “buy” rating and a $47.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, H World Group presently has an average rating of “Moderate Buy” and an average target price of $50.00.

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.