The Vanguard Group, Inc. 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 0.53% to 6.49 million shares with purchase of 34413.0 shares. This fresh investment now brings its stake to 2.02% valued currently at $304.43 million. In addition, BlackRock Fund Advisors raised its holdings by 40023.0 to 5.55 million shares. And Schroder Investment Management has lifted its position by 7.09% or 0.29 million shares – to 4.39 million shares.
With over 1.8 million H World Group Limited (HTHT) shares trading Tuesday and a closing price of $39.94 on the day, the dollar volume was approximately $72.0 million. The shares have shown a positive half year performance of 6.85% and its price on 05/23/23 lost nearly -4.86%. Currently, there are 311.24M common shares owned by the public and among those 202.57M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for HTHT have a consensus price objective of $407.94. The analysts have set the share’s price value over the next 12 months at a high of $440.65 and a low of $359.66. The average price target is 30.15% above its recent price level and an upside to the estimated low will see the stock gain 88.9% over that period. But an upside of 90.94% will see the stock hit the forecast high price target while median target price for the stock is $408.40.
The top 3 mutual fund holders in H World Group Limited are Invesco Developing Markets Fund, John Hancock III – International, and Vanguard Emerging Markets Stock I. Invesco Developing Markets Fund owns 24.81 million shares of the company’s stock, all valued at over $1.16 billion. The company sold -0.48 million shares recently to bring their total holdings to about 7.71% of the shares outstanding. John Hancock III – International sold 57893.0 shares to see its total holdings shrink to 3.19 million shares valued at over $149.75 million and representing 0.99% of the shares outstanding. Vanguard Emerging Markets Stock I sold -0.11 million shares to bring its total holdings to over 2.94 million shares at a value of $137.95 million. Vanguard Emerging Markets Stock I now owns shares totaling to 0.91% of the shares outstanding.
Shares of H World Group Limited (NASDAQ: HTHT) opened at $40.95, down -$1.03 from a prior closing price of $41.98. However, the script later moved the day high at 40.97, down -4.86%. The company’s stock has a 5-day price change of -6.73% and -20.58% over the past three months. HTHT shares are trading -5.85% year to date (YTD), with the 12-month market performance up to 39.55% higher. It has a 12-month low price of $24.38 and touched a high of $53.52 over the same period. HTHT has an average intraday trading volume of 1.36 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 -8.80%, -14.25%, and -4.52% respectively.
Institutional ownership of H World Group Limited (NASDAQ: HTHT) shares accounts for 46.60% of the company’s 311.24M shares outstanding. Mutual fund holders own 23.64%, while other institutional holders and individual stakeholders account for 23.92% and — respectively.
It has a market capitalization of $13.25B and a beta (3y monthly) value of 1.00. The earnings-per-share (ttm) stands at -$0.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.21% over the week and 3.12% over the month.
Analysts forecast that H World Group Limited (HTHT) will achieve an EPS of $0.21 for the current quarter, $0.29 for the next quarter and $1.75 for 2024. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was -$0.31 a year ago. Earnings per share for the fiscal year are expected to decrease by -292.00%, and 45.80% over the next financial year. EPS should grow at an annualized rate of 26.05% over the next five years, compared to -16.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate H World Group Limited (HTHT) as a “Strong Buy” at a consensus score of 1.60. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 1 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”
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