New York State Common Retirement Fund Reduces Stock Position in H World Group Limited (NASDAQ:HTHT)

Posted by on Apr 14th, 2023

New York State Common Retirement Fund cut its stake in H World Group Limited (NASDAQ:HTHT – Get Rating) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 965,425 shares of the company’s stock after selling 126,631 shares during the period. New York State Common Retirement Fund owned approximately 0.30% of H World Group worth $40,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in HTHT. E Fund Management Hong Kong Co. Ltd. grew its position in shares of H World Group by 134.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 104,616 shares of the company’s stock valued at $3,200,000 after purchasing an additional 59,968 shares in the last quarter. APG Asset Management N.V. grew its position in shares of H World Group by 6.4% in the first quarter. APG Asset Management N.V. now owns 24,993 shares of the company’s stock valued at $741,000 after purchasing an additional 1,500 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of H World Group by 8.2% in the first quarter. Great West Life Assurance Co. Can now owns 147,700 shares of the company’s stock valued at $5,046,000 after purchasing an additional 11,200 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of H World Group in the first quarter valued at approximately $283,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of H World Group by 57.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,160 shares of the company’s stock valued at $3,865,000 after purchasing an additional 42,660 shares in the last quarter. 44.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on HTHT shares. StockNews.com upgraded H World Group from a “sell” rating to a “hold” rating in a research report on Sunday, April 2nd. TheStreet upgraded H World Group from a “d+” rating to a “c-” rating in a research report on Monday, January 30th. The Goldman Sachs Group upgraded H World Group from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, January 10th. HSBC increased their price objective on H World Group from $45.10 to $57.20 in a research report on Wednesday, January 11th. Finally, Benchmark increased their price objective on H World Group from $45.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, March 28th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $60.60.

H World Group Trading Up 0.5 %

HTHT opened at $47.78 on Friday. H World Group Limited has a 52 week low of $24.38 and a 52 week high of $53.52. The business has a fifty day simple moving average of $49.26 and a 200-day simple moving average of $42.45. The firm has a market cap of $15.56 billion, a P/E ratio of -54.92 and a beta of 1.00. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.04.

H World Group Profile

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H World Group Ltd. is engaged in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands comprises of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.

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Institutional Ownership by Quarter for H World Group (NASDAQ:HTHT)

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