Temasek Holdings Private Ltd Takes $81.84 Million Position in H World Group Limited (NASDAQ:HTHT)

Temasek Holdings Private Ltd bought a new position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,200,000 shares of the company's stock, valued at approximately $81,840,000. Temasek Holdings Private Ltd owned 0.67% of H World Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HTHT. Blue Trust Inc. lifted its holdings in H World Group by 716.7% in the second 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 during the period. Headlands Technologies LLC purchased a new stake in shares of H World Group in the second quarter valued at approximately $91,000. Greenleaf Trust acquired a new position in H World Group during the third quarter worth $210,000. Jupiter Asset Management Ltd. acquired a new position in H World Group in the 2nd quarter valued at about $373,000. Finally, Point72 Hong Kong Ltd purchased a new position in H World Group in the third quarter worth approximately $418,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price target on shares of H World Group from $53.00 to $48.00 and set a "buy" rating for the company 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 currently has a consensus rating of "Buy" and a consensus target price of $46.80.

H World Group Price Performance

Shares of NASDAQ:HTHT traded down $0.09 on Friday, hitting $32.92. The company had a trading volume of 1,411,159 shares, compared to its average volume of 1,900,308. The company has a market cap of $10.75 billion, a PE ratio of 20.01, a PEG ratio of 1.06 and a beta of 0.74. The business has a 50 day moving average of $37.05 and a 200 day moving average of $33.66. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

About H World Group

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.