Temasek Holdings Private Ltd Sells 412,511 Shares of H World Group Limited Sponsored ADR $HTHT

Temasek Holdings Private Ltd cut its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 15.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,210,391 shares of the company’s stock after selling 412,511 shares during the period. Temasek Holdings Private Ltd’s holdings in H World Group were worth $111,161,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in H World Group by 21.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the company’s stock valued at $204,000 after purchasing an additional 723 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in H World Group by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 539,055 shares of the company’s stock valued at $27,083,000 after buying an additional 19,585 shares during the last quarter. Parallel Advisors LLC lifted its position in H World Group by 16.7% during the 1st quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock worth $89,000 after buying an additional 254 shares in the last quarter. KBC Group NV lifted its position in H World Group by 493.2% during the 1st quarter. KBC Group NV now owns 517,397 shares of the company’s stock worth $26,020,000 after buying an additional 430,176 shares in the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of H World Group during the 1st quarter worth about $3,710,000. Institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HTHT. Weiss Ratings cut H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Price Performance

NASDAQ:HTHT opened at $40.00 on Wednesday. The stock has a market capitalization of $12.30 billion, a PE ratio of 17.94, a P/E/G ratio of 1.15 and a beta of 0.13. H World Group Limited Sponsored ADR has a 1-year low of $30.41 and a 1-year high of $56.63. The firm has a fifty day simple moving average of $43.47 and a 200 day simple moving average of $48.45. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

H World Group Company 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.