12,600 Shares in H World Group Limited Sponsored ADR $HTHT Bought by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. bought a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,600 shares of the company’s stock, valued at approximately $634,000.

A number of other institutional investors and hedge funds have also recently 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 fourth quarter worth about $45,000. EverSource Wealth Advisors LLC raised its position 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 worth $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group during the 3rd quarter valued at about $66,000. Osaic Holdings Inc. lifted its holdings in shares of H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after purchasing an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in shares of H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after purchasing an additional 277 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Price Performance

NASDAQ:HTHT opened at $41.11 on Monday. The stock has a 50-day simple moving average of $44.46 and a 200 day simple moving average of $48.78. H World Group Limited Sponsored ADR has a 52-week low of $30.41 and a 52-week high of $56.63. The company has a market cap of $12.64 billion, a PE ratio of 18.43, a PEG ratio of 1.14 and a beta of 0.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HTHT. Weiss Ratings cut H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Benchmark lifted their price target on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, H World Group currently has an average rating of “Moderate Buy” and an average target price 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.