Massachusetts Financial Services Co. MA Makes New Investment in H World Group Limited (NASDAQ:HTHT)

Massachusetts Financial Services Co. MA bought a new position in H World Group Limited (NASDAQ:HTHT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,642 shares of the company's stock, valued at approximately $1,921,000.

A number of other institutional investors have also recently made changes to their positions in HTHT. California State Teachers Retirement System raised its position in H World Group by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 36,662 shares of the company's stock worth $1,419,000 after buying an additional 636 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of H World Group by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company's stock valued at $2,493,000 after purchasing an additional 950 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of H World Group by 716.7% during 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 last quarter. Sei Investments Co. lifted its position in H World Group by 10.4% during the second quarter. Sei Investments Co. now owns 25,474 shares of the company's stock valued at $849,000 after purchasing an additional 2,392 shares during the period. Finally, Creative Planning boosted its holdings in H World Group by 22.6% in the second quarter. Creative Planning now owns 12,964 shares of the company's stock worth $432,000 after purchasing an additional 2,394 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

Shares of NASDAQ:HTHT traded down $1.07 during trading on Thursday, hitting $32.03. The company's stock had a trading volume of 5,219,025 shares, compared to its average volume of 1,889,581. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a 50-day moving average of $36.92 and a 200-day moving average of $33.96. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98.

Analyst Ratings Changes

Separately, Benchmark decreased their target price on shares of H World Group from $53.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $46.80.

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.