Hsbc Holdings PLC Acquires 365,659 Shares of H World Group Limited Sponsored ADR $HTHT

Hsbc Holdings PLC grew its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 44.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,183,612 shares of the company’s stock after purchasing 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 quarter.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in H World Group by 63.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,745 shares of the company’s stock valued at $129,000 after purchasing an additional 1,062 shares in the last quarter. Compound Planning Inc. bought a new stake in H World Group during the 4th quarter worth about $307,000. Vident Advisory LLC boosted its stake in shares of H World Group by 15.2% during the 4th quarter. Vident Advisory LLC now owns 18,900 shares of the company’s stock worth $889,000 after buying an additional 2,496 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of H World Group by 208.5% during the 4th quarter. Mackenzie Financial Corp now owns 486,857 shares of the company’s stock worth $22,828,000 after buying an additional 329,026 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of H World Group in the 4th quarter valued at about $369,000. Institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HTHT shares. Benchmark lifted their target price on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Zacks Research downgraded 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 note on Monday, May 18th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target on the stock in a research report on Monday, March 9th. Finally, Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Stock Down 0.2%

H World Group stock opened at $42.41 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day moving average is $47.51 and its 200-day moving average is $49.36. The firm has a market capitalization of $13.04 billion, a PE ratio of 19.02, a P/E/G ratio of 1.17 and a beta of 0.11. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63.

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