Franklin Resources Inc. decreased its holdings in H World Group Limited (NASDAQ:HTHT - Free Report) by 80.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,294 shares of the company's stock after selling 431,169 shares during the quarter. Franklin Resources Inc.'s holdings in H World Group were worth $4,169,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in H World Group in the second quarter valued at $91,000. Blue Trust Inc. grew its holdings in shares of H World Group by 293.2% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the company's stock valued at $179,000 after acquiring an additional 3,592 shares in the last quarter. Greenleaf Trust purchased a new stake in shares of H World Group during the 3rd quarter valued at $210,000. Jupiter Asset Management Ltd. purchased a new position in H World Group in the second quarter valued at about $373,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of H World Group in the 3rd quarter worth approximately $418,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Benchmark lowered their target price on shares of H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $46.80.
Get Our Latest Analysis on H World Group
H World Group Price Performance
NASDAQ:HTHT traded up $0.23 during trading hours on Wednesday, hitting $33.91. The stock had a trading volume of 266,725 shares, compared to its average volume of 1,910,818. The company has a 50 day simple moving average of $35.35 and a two-hundred day simple moving average of $33.33. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.09 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a one year low of $27.03 and a one year high of $42.98.
H World Group Company Profile
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Free Report)
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.
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