Fmr LLC Sells 1,415 Shares of H World Group Limited (NASDAQ:HTHT)

Fmr LLC reduced its stake in H World Group Limited (NASDAQ:HTHT) by 48.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,486 shares of the company’s stock after selling 1,415 shares during the quarter. Fmr LLC’s holdings in H World Group were worth $55,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board lifted its stake in H World Group by 724.3% in the second quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock valued at $19,022,000 after purchasing an additional 501,634 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of H World Group by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company’s stock valued at $18,631,000 after buying an additional 7,572 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of H World Group by 6.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 507,892 shares of the company’s stock valued at $18,894,000 after buying an additional 28,953 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of H World Group by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 348,775 shares of the company’s stock valued at $11,621,000 after buying an additional 7,998 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of H World Group by 7.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company’s stock worth $11,153,000 after acquiring an additional 21,938 shares during the period. Institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, H World Group has a consensus rating of “Buy” and an average target price of $46.80.

H World Group Trading Up 0.7 %

NASDAQ:HTHT opened at $33.91 on Wednesday. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The stock’s fifty day moving average price is $35.44 and its two-hundred day moving average price is $33.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market cap of $11.07 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.09 and a beta of 0.74.

H World Group 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.