H World Group Limited (NASDAQ:HTHT) Shares Sold by Summit Global Investments

Summit Global Investments cut its stake in shares of H World Group Limited (NASDAQ:HTHT) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,501 shares of the company’s stock after selling 14,233 shares during the period. Summit Global Investments’ holdings in H World Group were worth $578,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new stake in H World Group in the 4th quarter valued at approximately $33,000. US Bancorp DE grew its stake in shares of H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after buying an additional 845 shares in the last quarter. Blue Trust Inc. grew its stake in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after buying an additional 650 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of H World Group in the fourth quarter valued at $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after acquiring an additional 936 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Trading Down 0.3 %

NASDAQ HTHT opened at $37.60 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98. The stock has a market capitalization of $11.78 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The firm has a 50 day moving average of $34.63 and a two-hundred day moving average of $34.69.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Benchmark dropped their price objective 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. Finally, HSBC downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.68.

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.