H World Group Limited (NASDAQ:HTHT) Position Cut by Citigroup Inc.

Citigroup Inc. trimmed its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 77.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,329,653 shares of the company's stock after selling 4,504,559 shares during the period. Citigroup Inc. owned about 0.41% of H World Group worth $49,463,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HTHT. California State Teachers Retirement System grew its stake in shares of H World Group by 1.8% in the first quarter. California State Teachers Retirement System now owns 36,662 shares of the company's stock valued at $1,419,000 after buying an additional 636 shares in the last quarter. Swedbank AB purchased a new stake in shares of H World Group during the first quarter valued at approximately $2,717,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of H World Group by 2.1% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 166,373 shares of the company's stock worth $5,544,000 after purchasing an additional 3,416 shares in the last quarter. Blue Trust Inc. boosted its stake 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 valued at $41,000 after purchasing an additional 1,075 shares during the period. Finally, Summit Global Investments acquired a new stake in H World Group during the 2nd quarter valued at $1,126,000. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark lowered their target price on H World Group from $64.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $47.80.

H World Group Stock Down 1.8 %

Shares of H World Group stock traded down $0.63 during trading on Monday, reaching $35.17. The company had a trading volume of 3,093,785 shares, compared to its average volume of 1,865,142. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The firm's fifty day moving average is $36.64 and its 200-day moving average is $34.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97.

H World Group Company 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.