Bridgewater Associates LP Sells 2,246 Shares of H World Group Limited (NASDAQ:HTHT)

Bridgewater Associates LP trimmed its position in H World Group Limited (NASDAQ:HTHT) by 1.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 188,850 shares of the company’s stock after selling 2,246 shares during the period. Bridgewater Associates LP owned about 0.06% of H World Group worth $7,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $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 second quarter valued at about $91,000. Greenleaf Trust bought a new position in shares of H World Group during the 3rd quarter valued at approximately $210,000. Jupiter Asset Management Ltd. purchased a new stake in shares of H World Group during the 2nd quarter worth approximately $373,000. Finally, Creative Planning raised its holdings in shares of H World Group by 22.6% in the 2nd quarter. Creative Planning now owns 12,964 shares of the company’s stock worth $432,000 after purchasing an additional 2,394 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 0.4 %

Shares of HTHT stock opened at $32.17 on Friday. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The company’s fifty day simple moving average is $36.96 and its two-hundred day simple moving average is $33.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.96. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.97 and a beta of 0.77.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased their target price on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $46.80.

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.