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

Hsbc Holdings PLC raised its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 44.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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’s holdings in H World Group were worth $55,644,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of H World Group by 63.1% in the 4th 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 during the last quarter. Compound Planning Inc. acquired a new position in H World Group in the fourth quarter valued at $307,000. Vident Advisory LLC grew its position in H World Group by 15.2% during the fourth quarter. Vident Advisory LLC now owns 18,900 shares of the company’s stock valued at $889,000 after acquiring an additional 2,496 shares during the period. Mackenzie Financial Corp grew its position in H World Group by 208.5% during the fourth quarter. Mackenzie Financial Corp now owns 486,857 shares of the company’s stock valued at $22,828,000 after acquiring an additional 329,026 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in H World Group during the fourth quarter worth about $369,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

HTHT has been the topic of a number of research reports. UBS Group upgraded H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a report on Monday, March 9th. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Benchmark increased their target price on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. 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, Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, H World Group currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

H World Group Price Performance

HTHT stock opened at $42.14 on Monday. The firm has a market cap of $12.96 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.16 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. H World Group Limited Sponsored ADR has a 1 year low of $30.41 and a 1 year high of $56.63. The stock has a 50-day simple moving average of $45.42 and a 200-day simple moving average of $49.01.

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.