US Bancorp DE Reduces Holdings in H World Group Limited Sponsored ADR $HTHT

US Bancorp DE trimmed its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 65.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,229 shares of the company’s stock after selling 13,978 shares during the period. US Bancorp DE’s holdings in H World Group were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group boosted its position in shares of H World Group by 95.0% during the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after acquiring an additional 6,082,369 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of H World Group by 43.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock worth $313,925,000 after purchasing an additional 2,420,473 shares during the period. WFM ASIA BVI Ltd grew its stake in shares of H World Group by 65.8% in the second quarter. WFM ASIA BVI Ltd now owns 3,035,416 shares of the company’s stock valued at $102,961,000 after buying an additional 1,204,300 shares in the last quarter. Serenity Capital Management PTE. LTD. acquired a new position in H World Group in the 2nd quarter valued at about $19,130,000. Finally, Canada Pension Plan Investment Board increased its stake in H World Group by 96.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 921,171 shares of the company’s stock worth $31,246,000 after buying an additional 451,200 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. UBS Group raised 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. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Benchmark upped their target price on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.13.

H World Group Stock Down 1.3%

Shares of NASDAQ HTHT opened at $52.05 on Thursday. H World Group Limited Sponsored ADR has a 1 year low of $30.20 and a 1 year high of $56.63. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.18 and a beta of 0.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84. The business has a 50-day moving average of $51.11 and a two-hundred day moving average of $44.96.

H World Group 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.