E Fund Management Co. Ltd. Sells 31,914 Shares of H World Group Limited (NASDAQ:HTHT)

E Fund Management Co. Ltd. decreased its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,641 shares of the company's stock after selling 31,914 shares during the quarter. E Fund Management Co. Ltd.'s holdings in H World Group were worth $3,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Temasek Holdings Private Ltd acquired a new stake in shares of H World Group during the third quarter valued at about $81,840,000. Geode Capital Management LLC boosted its position in H World Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company's stock worth $47,455,000 after buying an additional 11,684 shares during the period. TT International Asset Management LTD bought a new stake in H World Group during the 3rd quarter worth approximately $24,915,000. Nordea Investment Management AB increased its position in H World Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 508,422 shares of the company's stock valued at $16,961,000 after acquiring an additional 51,213 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of H World Group by 6.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 507,892 shares of the company's stock valued at $18,894,000 after acquiring an additional 28,953 shares during the last quarter. Institutional investors own 46.41% of the company's stock.

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H World Group Trading Down 1.5 %

Shares of HTHT stock traded down $0.57 during mid-day trading on Monday, hitting $36.94. The company's stock had a trading volume of 1,536,305 shares, compared to its average volume of 2,009,185. The company has a market cap of $11.57 billion, a PE ratio of 22.39, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The company's fifty day simple moving average is $33.57 and its 200-day simple moving average is $34.14. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98.

Analyst Ratings Changes

Several analysts recently weighed in on HTHT shares. Benchmark reduced their price objective on shares of H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Hsbc Global Res lowered H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, HSBC downgraded H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective for the company. in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.40.

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.