Banque Cantonale Vaudoise Boosts Stock Holdings in H World Group Limited (NASDAQ:HTHT)

Banque Cantonale Vaudoise boosted its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 101.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,000 shares of the company's stock after purchasing an additional 58,000 shares during the quarter. Banque Cantonale Vaudoise's holdings in H World Group were worth $4,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HTHT. Blue Trust Inc. raised its holdings in shares of H World Group by 716.7% in the second quarter. Blue Trust Inc. now owns 1,225 shares of the company's stock worth $41,000 after buying an additional 1,075 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of H World Group in the second quarter valued at about $91,000. Greenleaf Trust purchased a new position in shares of H World Group in the third quarter worth about $210,000. Jupiter Asset Management Ltd. purchased a new stake in H World Group in the second quarter valued at approximately $373,000. Finally, Creative Planning increased its holdings in H World Group by 22.6% in the 2nd quarter. Creative Planning now owns 12,964 shares of the company's stock worth $432,000 after buying an additional 2,394 shares during the period. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Price Performance

Shares of HTHT stock traded down $0.18 during trading hours on Wednesday, reaching $36.00. The company had a trading volume of 1,409,163 shares, compared to its average volume of 1,862,648. 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 stock has a fifty day moving average of $36.36 and a 200-day moving average of $34.17. H World Group Limited has a 12-month low of $27.03 and a 12-month high of $42.98. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.09 and a beta of 0.77.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). H World Group had a net margin of 16.32% and a return on equity of 29.32%. The business had revenue of $846.00 million during the quarter, compared to analysts' expectations of $839.89 million. On average, equities analysts anticipate that H World Group Limited will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Benchmark dropped their price objective on shares of H World Group from $64.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, H World Group has an average rating of "Buy" and an average target price of $47.80.

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.