State of New Jersey Common Pension Fund D Trims Stock Position in H World Group Limited (NASDAQ:HTHT)

State of New Jersey Common Pension Fund D lowered its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 383,507 shares of the company’s stock after selling 50,556 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in H World Group were worth $12,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of H World Group by 48.6% during the 4th quarter. Blue Trust Inc. now owns 3,386 shares of the company’s stock valued at $113,000 after purchasing an additional 1,108 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in H World Group in the 4th quarter worth approximately $221,000. Greenleaf Trust purchased a new stake in H World Group in the 3rd quarter worth approximately $228,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in H World Group by 18.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,199 shares of the company’s stock worth $284,000 after acquiring an additional 1,105 shares in the last quarter. Finally, DnB Asset Management AS purchased a new stake in H World Group in the 3rd quarter worth approximately $402,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HTHT. JPMorgan Chase & Co. increased their target price on shares of H World Group from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Benchmark reissued a “buy” rating and issued a $64.00 target price on shares of H World Group in a report on Friday, March 22nd. Bank of America cut their price objective on shares of H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Finally, Macquarie started coverage on shares of H World Group in a report on Friday, April 19th. They set an “outperform” rating and a $48.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.

H World Group Price Performance

HTHT traded up $0.58 during trading on Thursday, reaching $39.74. 688,725 shares of the company traded hands, compared to its average volume of 1,855,413. The firm has a fifty day simple moving average of $37.93 and a 200 day simple moving average of $35.68. 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 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $12.98 billion, a P/E ratio of 22.52, a PEG ratio of 1.29 and a beta of 0.92.

H World Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. H World Group had a net margin of 18.62% and a return on equity of 31.50%. The firm had revenue of $786.00 million during the quarter, compared to analyst estimates of $759.99 million. On average, equities analysts forecast that H World Group Limited will post 1.94 EPS for the current year.

H World Group Profile

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.