DekaBank Deutsche Girozentrale Lowers Stake in H World Group Limited (NASDAQ:HTHT)

DekaBank Deutsche Girozentrale decreased its holdings in H World Group Limited (NASDAQ:HTHT - Free Report) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,837 shares of the company's stock after selling 21,705 shares during the period. DekaBank Deutsche Girozentrale owned about 0.10% of H World Group worth $12,317,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its stake in H World Group by 716.7% during the 2nd 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. Headlands Technologies LLC purchased a new position in H World Group in the 2nd quarter worth about $91,000. Greenleaf Trust bought a new stake in shares of H World Group during the third quarter valued at approximately $210,000. Jupiter Asset Management Ltd. purchased a new stake in shares of H World Group in the 2nd quarter worth $373,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in H World Group in the first quarter worth about $394,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered their target price on shares of 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 data from MarketBeat, H World Group currently has an average rating of "Buy" and a consensus target price of $47.80.

H World Group Stock Performance

NASDAQ:HTHT traded down $1.25 during trading hours on Wednesday, reaching $37.51. The company had a trading volume of 658,329 shares, compared to its average volume of 1,877,629. 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 $12.25 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. The business's 50 day moving average price is $34.11 and its 200-day moving average price is $34.36. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $846.00 million for the quarter, compared to analysts' expectations of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. Research analysts forecast that H World Group Limited will post 1.81 EPS for the current year.

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.