E Fund Management Hong Kong Co. Ltd. Trims Holdings in H World Group Limited (NASDAQ:HTHT)

E Fund Management Hong Kong Co. Ltd. lowered its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,555 shares of the company's stock after selling 15,818 shares during the quarter. H World Group makes up approximately 3.3% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 7th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in H World Group were worth $5,601,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of H World Group by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 36,662 shares of the company's stock worth $1,419,000 after purchasing an additional 636 shares in the last quarter. Handelsbanken Fonder AB increased its position in H World Group by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company's stock valued at $2,493,000 after acquiring an additional 950 shares in the last quarter. Blue Trust Inc. increased its position in H World Group by 716.7% in the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company's stock valued at $41,000 after acquiring an additional 1,075 shares in the last quarter. US Bancorp DE increased its position in 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. Finally, Sei Investments Co. increased its position in H World Group by 10.4% in the 2nd quarter. Sei Investments Co. now owns 25,474 shares of the company's stock valued at $849,000 after acquiring an additional 2,392 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Trading Down 2.2 %

Shares of NASDAQ:HTHT traded down $0.82 during trading on Thursday, hitting $36.69. 1,340,096 shares of the company's stock were exchanged, compared to its average volume of 1,875,085. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The firm has a 50-day moving average price of $34.29 and a two-hundred day moving average price of $34.38. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market cap of $11.98 billion, a P/E ratio of 22.59, a PEG ratio of 1.09 and a beta of 0.77.

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

Analysts Set New Price Targets

Separately, Benchmark lowered their price objective on shares of H World Group from $64.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Five research 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 $47.80.

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.