41,626 Shares in H World Group Limited Sponsored ADR $HTHT Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the 1st quarter, HoldingsChannel reports. The firm bought 41,626 shares of the company’s stock, valued at approximately $2,093,000.

A number of other institutional investors have also added to or reduced their stakes in the business. TD Private Client Wealth LLC bought a new stake in shares of H World Group in the 4th quarter valued at about $45,000. EverSource Wealth Advisors LLC boosted its stake in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group during the third quarter valued at approximately $66,000. Osaic Holdings Inc. increased its holdings in H World Group by 889.5% during the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after buying an additional 2,037 shares during the period. Finally, iA Global Asset Management Inc. increased its holdings in H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after buying an additional 277 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

HTHT has been the subject of a number of analyst reports. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings downgraded H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Benchmark boosted their target price on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.20.

H World Group Stock Performance

Shares of H World Group stock opened at $42.66 on Wednesday. The firm has a market capitalization of $13.12 billion, a P/E ratio of 19.13, a PEG ratio of 1.17 and a beta of 0.11. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $47.31 and a 200 day moving average price of $49.33. H World Group Limited Sponsored ADR has a 52 week low of $30.41 and a 52 week high of $56.63.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.06 EPS for the quarter. The company had revenue of $932.62 million during the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%. Sell-side analysts expect that H World Group Limited Sponsored ADR will post 2.47 EPS for the current year.

About H World Group

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.