Hsbc Holdings PLC Boosts Holdings in H World Group Limited Sponsored ADR $HTHT

Hsbc Holdings PLC boosted its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 44.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,183,612 shares of the company’s stock after acquiring an additional 365,659 shares during the period. Hsbc Holdings PLC owned about 0.38% of H World Group worth $55,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HTHT. AQR Capital Management LLC increased its stake in shares of H World Group by 11.2% during the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after purchasing an additional 936 shares in the last quarter. Norges Bank acquired a new stake in H World Group during the 2nd quarter valued at $888,000. EverSource Wealth Advisors LLC grew its holdings in H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the last quarter. First Trust Advisors LP purchased a new position in H World Group during the second quarter worth $2,881,000. Finally, Jump Financial LLC purchased a new position in H World Group during the second quarter worth $651,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Stock Performance

Shares of H World Group stock opened at $42.14 on Monday. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63. The business’s fifty day moving average is $45.42 and its two-hundred day moving average is $49.01. 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 firm has a market cap of $12.96 billion, a PE ratio of 18.90, a P/E/G ratio of 1.16 and a beta of 0.13.

Analysts Set New Price Targets

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

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.