Victory Capital Management Inc. Sells 843,935 Shares of H World Group Limited (NASDAQ:HTHT)

Victory Capital Management Inc. reduced its holdings in H World Group Limited (NASDAQ:HTHT) by 93.0% during the 3rd quarter, Holdings Channel reports. The fund owned 63,911 shares of the company’s stock after selling 843,935 shares during the quarter. Victory Capital Management Inc.’s holdings in H World Group were worth $2,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in H World Group by 716.7% during the 2nd 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 period. Headlands Technologies LLC acquired a new position in shares of H World Group in the 2nd quarter valued at $91,000. Greenleaf Trust acquired a new position in H World Group in the third quarter valued at about $210,000. Jupiter Asset Management Ltd. bought a new position in shares of H World Group during the 2nd quarter valued at about $373,000. Finally, Creative Planning raised its holdings in H World Group by 22.6% during the 2nd quarter. Creative Planning now owns 12,964 shares of the company’s stock worth $432,000 after buying an additional 2,394 shares during the period. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark dropped their price target on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, H World Group presently has an average rating of “Buy” and an average price target of $47.80.

H World Group Trading Down 0.3 %

Shares of H World Group stock opened at $35.80 on Monday. The stock has a market cap of $11.69 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.09 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. H World Group Limited has a 12-month low of $27.03 and a 12-month high of $42.98. The business’s 50 day moving average is $36.64 and its 200-day moving average is $34.06.

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.