Skandinaviska Enskilda Banken AB publ Boosts Stock Position in H World Group Limited (NASDAQ:HTHT)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,700 shares of the company’s stock after purchasing an additional 2,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in H World Group were worth $1,272,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. bought a new position in H World Group during the fourth quarter valued at about $33,000. US Bancorp DE grew its position in shares of H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after acquiring an additional 845 shares during the period. Blue Trust Inc. increased its stake in shares of H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after purchasing an additional 650 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after purchasing an additional 936 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in H World Group in the third quarter valued at approximately $418,000. 46.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on HTHT shares. HSBC downgraded 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. Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Benchmark dropped their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.68.

H World Group Stock Performance

NASDAQ:HTHT opened at $38.16 on Tuesday. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The business’s fifty day moving average is $34.12 and its 200 day moving average is $34.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.28 and a beta of 0.70.

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.