Geode Capital Management LLC Increases Holdings in H World Group Limited (NASDAQ:HTHT)

Geode Capital Management LLC increased its position in shares of H World Group Limited (NASDAQ:HTHT) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,285,870 shares of the company’s stock after acquiring an additional 11,684 shares during the period. Geode Capital Management LLC owned approximately 0.39% of H World Group worth $47,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of H World Group in the second quarter worth about $91,000. Blue Trust Inc. raised its holdings in H World Group by 293.2% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the company’s stock worth $179,000 after purchasing an additional 3,592 shares in the last quarter. Greenleaf Trust bought a new position in shares of H World Group in the 3rd quarter worth about $210,000. Jupiter Asset Management Ltd. bought a new position in shares of H World Group during the second quarter valued at approximately $373,000. Finally, Point72 Hong Kong Ltd purchased a new position in H World Group during the third quarter valued at $418,000. Institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 0.6 %

Shares of NASDAQ HTHT opened at $33.68 on Tuesday. The firm has a market cap of $11.00 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74. The business has a fifty day simple moving average of $35.51 and a two-hundred day simple moving average of $33.33. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Analysts Set New Price Targets

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

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.