Mirae Asset Global Investments Co. Ltd. Sells 48,905 Shares of H World Group Limited (NASDAQ:HTHT)

Mirae Asset Global Investments Co. Ltd. decreased its stake in H World Group Limited (NASDAQ:HTHT) by 29.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 119,867 shares of the company’s stock after selling 48,905 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in H World Group were worth $4,462,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its holdings in shares of H World Group by 80.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock valued at $58,067,000 after acquiring an additional 669,200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of H World Group by 18.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company’s stock valued at $5,197,000 after acquiring an additional 20,500 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of H World Group by 46.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 276,481 shares of the company’s stock valued at $10,705,000 after acquiring an additional 87,572 shares in the last quarter. Swedbank AB bought a new position in shares of H World Group in the 1st quarter valued at about $2,717,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in H World Group by 7.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company’s stock worth $11,153,000 after purchasing an additional 21,938 shares during the period. Institutional investors own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark lowered their price target on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $47.80.

H World Group Price Performance

Shares of NASDAQ HTHT opened at $38.76 on Wednesday. The business’s 50 day moving average price is $34.11 and its two-hundred day moving average price is $34.36. The company has a market cap of $12.66 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). H World Group had a return on equity of 29.32% and a net margin of 16.32%. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $839.89 million. On average, analysts predict that H World Group Limited will post 1.81 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.