Sumitomo Mitsui Trust Group Inc. Has $18.89 Million Stake in H World Group Limited (NASDAQ:HTHT)

Sumitomo Mitsui Trust Group Inc. grew its stake in H World Group Limited (NASDAQ:HTHT) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,892 shares of the company’s stock after purchasing an additional 28,953 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in H World Group were worth $18,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after acquiring an additional 1,075 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of H World Group during the 2nd quarter valued at about $91,000. Greenleaf Trust acquired a new stake in shares of H World Group during the 3rd quarter valued at about $210,000. Jupiter Asset Management Ltd. acquired a new stake in shares of H World Group during the 2nd quarter valued at about $373,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of H World Group during the 1st quarter valued at about $394,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Stock Up 1.3 %

Shares of NASDAQ:HTHT opened at $35.81 on Monday. 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 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $11.69 billion, a PE ratio of 21.84, a PEG ratio of 1.09 and a beta of 0.77. The company has a 50 day moving average price of $35.97 and a two-hundred day moving average price of $34.21.

H World Group (NASDAQ:HTHT) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. Analysts forecast that H World Group Limited will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Separately, Benchmark decreased their target price on shares of 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $47.80.

About H World Group

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.