Wellington Management Co. LLP recently announced the acquisition of new stake in H World Group Limited (NASDAQ:HTHT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 29.80% to 9.07 million shares with purchase of 2.08 million shares. This fresh investment now brings its stake to 2.82% valued currently at $429.6 million. In addition, The Vanguard Group, Inc. raised its holdings by 34413.0 to 6.49 million shares. And Schroder Investment Management Lt has lifted its position by 3.69% or 0.2 million shares – to 5.69 million shares.
With over 2.79 million H World Group Limited (HTHT) shares trading Tuesday and a closing price of $49.35 on the day, the dollar volume was approximately $137.84 million. The shares have shown a positive half year performance of 35.91% and its price on 03/14/23 gained nearly 0.47%. Currently, there are 310.78M common shares owned by the public and among those 199.09M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $462.31 and a low of $281.54. The average price target is 3.97% above its recent price level and an upside to the estimated low will see the stock gain 82.47% over that period. But an upside of 89.33% will see the stock hit the forecast high price target while median target price for the stock is $387.76.
The top 3 mutual fund holders in H World Group Limited are Invesco Developing Markets Fund, John Hancock III – International, and American Funds New World Fund. Invesco Developing Markets Fund owns 25.3 million shares of the company’s stock, all valued at over $1.2 billion. The company sold -1.07 million shares recently to bring their total holdings to about 7.86% of the shares outstanding. American Funds New World Fund now owns shares totaling to 0.96% of the shares outstanding.
Shares of H World Group Limited (NASDAQ: HTHT) opened at $48.80, down -$0.32 from a prior closing price of $49.12. However, the script later moved the day high at 50.29, up 0.47%. The company’s stock has a 5-day price change of -2.53% and 14.82% over the past three months. HTHT shares are trading 16.34% year to date (YTD), with the 12-month market performance up to 82.36% higher. It has a 12-month low price of $21.84 and touched a high of $53.52 over the same period. HTHT has an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.48%, 2.30%, and 25.82% respectively.
Institutional ownership of H World Group Limited (NASDAQ: HTHT) shares accounts for 46.60% of the company’s 310.78M shares outstanding. Mutual fund holders own 22.82%, while other institutional holders and individual stakeholders account for 23.79% and — respectively.
It has a market capitalization of $16.46B and a beta (3y monthly) value of 1.00. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.57% over the week and 3.00% over the month.
Analysts forecast that H World Group Limited (HTHT) will achieve an EPS of $0.19 for the current quarter, -$0.09 for the next quarter and $1.02 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 80.10%, and 304.00% over the next financial year. EPS should grow at an annualized rate of 26.05% over the next five years, compared to -15.50% over the past 5-year period.
Looking at the support for the HTHT, a number of firms have released research notes about the stock. Daiwa Securities stated their Buy rating for the stock in a research note on October 27, 2022, with the firm’s price target at $43-$34. UBS on their part issued Buy rating on September 24, 2021.
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