Massachusetts Financial Services Co. MA Makes New $1.92 Million Investment in H World Group Limited (NASDAQ:HTHT)

Massachusetts Financial Services Co. MA bought a new stake in shares of H World Group Limited (NASDAQ:HTHT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 51,642 shares of the company’s stock, valued at approximately $1,921,000.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew 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 buying an additional 1,075 shares during the period. Headlands Technologies LLC bought a new position in shares of H World Group during the 2nd quarter valued at approximately $91,000. Greenleaf Trust purchased a new stake in shares of H World Group during the 3rd quarter worth approximately $210,000. Jupiter Asset Management Ltd. bought a new stake in shares of H World Group in the 2nd quarter worth approximately $373,000. Finally, Creative Planning lifted 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 purchasing an additional 2,394 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

Shares of HTHT stock opened at $32.03 on Thursday. The firm’s 50 day moving average is $36.85 and its 200 day moving average is $33.98. The stock has a market capitalization of $10.46 billion, a P/E ratio of 20.18, a PEG ratio of 1.07 and a beta of 0.77. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.