Mirae Asset Global Investments Co. Ltd. Trims Stock Holdings in H World Group Limited (NASDAQ:HTHT)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 413,987 shares of the company's stock after selling 126,643 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of H World Group worth $13,844,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its holdings in H World Group by 41.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 759 shares of the company's stock valued at $33,000 after acquiring an additional 224 shares during the period. FMR LLC lifted its stake in shares of H World Group by 43.6% in the second quarter. FMR LLC now owns 1,460 shares of the company's stock valued at $56,000 after buying an additional 443 shares during the period. National Pension Service lifted its stake in shares of H World Group by 1.2% in the third quarter. National Pension Service now owns 37,523 shares of the company's stock valued at $1,307,000 after buying an additional 454 shares during the period. Mariner LLC lifted its stake in shares of H World Group by 10.6% in the third quarter. Mariner LLC now owns 6,228 shares of the company's stock valued at $246,000 after buying an additional 596 shares during the period. Finally, Ensign Peak Advisors Inc lifted its stake in shares of H World Group by 5.0% in the third quarter. Ensign Peak Advisors Inc now owns 13,700 shares of the company's stock valued at $459,000 after buying an additional 650 shares during the period. 46.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $64.00 target price on shares of H World Group in a research note on Friday, March 22nd. Bank of America reduced their target price on shares of H World Group from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of H World Group from $40.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $50.67.

H World Group Price Performance

HTHT traded down $0.43 during midday trading on Thursday, reaching $39.39. 1,308,250 shares of the company's stock were exchanged, compared to its average volume of 1,987,219. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. H World Group Limited has a one year low of $30.20 and a one year high of $50.00. The business has a 50-day simple moving average of $36.87 and a two-hundred day simple moving average of $35.72.

About H World Group

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.