AIA Group Ltd Lowers Position in H World Group Limited Sponsored ADR $HTHT

AIA Group Ltd lowered its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 12.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 225,096 shares of the company’s stock after selling 30,809 shares during the period. AIA Group Ltd’s holdings in H World Group were worth $11,320,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new position in H World Group during the first quarter valued at $958,000. Assetmark Inc. boosted its holdings in shares of H World Group by 45.7% in the first quarter. Assetmark Inc. now owns 4,384 shares of the company’s stock worth $220,000 after buying an additional 1,375 shares during the last quarter. Barings LLC purchased a new position in shares of H World Group during the 1st quarter worth $8,356,000. Bank of New York Mellon Corp lifted its position in H World Group by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 180,045 shares of the company’s stock valued at $9,054,000 after purchasing an additional 963 shares in the last quarter. Finally, Aubrey Capital Management Ltd lifted its position in shares of H World Group by 9.1% during the 1st quarter. Aubrey Capital Management Ltd now owns 277,100 shares of the company’s stock valued at $13,935,000 after buying an additional 23,200 shares in the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HTHT has been the topic of a number of analyst reports. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.20.

H World Group Stock Down 2.2%

Shares of NASDAQ:HTHT opened at $41.73 on Friday. The stock has a market cap of $12.83 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.15 and a beta of 0.13. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. H World Group Limited Sponsored ADR has a 52-week low of $30.41 and a 52-week high of $56.63. The business’s 50 day moving average is $43.76 and its 200 day moving average is $48.54.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.