H World Group Limited (NASDAQ:HTHT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 21.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,691 shares of the company's stock after selling 47,397 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of H World Group worth $6,387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank boosted its holdings in H World Group by 2.9% during the first quarter. Swiss National Bank now owns 467,309 shares of the company's stock valued at $18,085,000 after purchasing an additional 12,968 shares in the last quarter. US Bancorp DE grew its holdings in shares of H World Group by 9.3% in the 1st quarter. US Bancorp DE now owns 18,964 shares of the company's stock valued at $734,000 after acquiring an additional 1,609 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in H World Group in the 1st quarter valued at about $394,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in H World Group by 18.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company's stock worth $5,197,000 after acquiring an additional 20,500 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in H World Group by 46.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 276,481 shares of the company's stock worth $10,705,000 after acquiring an additional 87,572 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Price Performance

Shares of HTHT stock traded down $0.87 during mid-day trading on Tuesday, hitting $35.88. The company had a trading volume of 932,174 shares, compared to its average volume of 1,872,242. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a market capitalization of $11.72 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.12 and a beta of 0.77. The stock's 50 day moving average price is $35.48 and its 200-day moving average price is $34.29.

H World Group (NASDAQ:HTHT - Get Free Report) last announced 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). The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. Equities research analysts forecast that H World Group Limited will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased 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 research note on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, H World Group currently has a consensus rating of "Buy" and a consensus 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.