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

Bridgewater Associates LP lessened its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 1.2% in the third quarter, HoldingsChannel.com reports. The fund owned 188,850 shares of the company’s stock after selling 2,246 shares during the period. Bridgewater Associates LP’s holdings in H World Group were worth $7,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Trust Inc. lifted its position in H World Group by 716.7% during the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after purchasing an additional 1,075 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of H World Group during the 2nd quarter valued at $91,000. Greenleaf Trust bought a new stake in shares of H World Group during the 3rd quarter worth $210,000. Jupiter Asset Management Ltd. purchased a new position in H World Group in the second quarter worth $373,000. Finally, Creative Planning increased its stake in H World Group by 22.6% in the second quarter. Creative Planning now owns 12,964 shares of the company’s stock valued at $432,000 after acquiring an additional 2,394 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of H World Group stock opened at $32.17 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 0.88. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a fifty day moving average of $36.96 and a 200-day moving average of $33.95. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77.

Analyst Ratings Changes

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