Nuveen LLC Takes Position in H World Group Limited Sponsored ADR $HTHT

Key Points

• Nuveen LLC has acquired a new stake in H World Group Limited by purchasing 1,645,570 shares, valued at approximately $60.9 million, which represents about 0.54% of the company.
• Institutional investors hold around 46.41% of H World Group's shares, indicating strong interest from large investment firms.
• JPMorgan Chase & Co. has downgraded the price target for H World Group from $43.00 to $42.00, while the stock maintains an average rating of "Moderate Buy" with a target price of $40.80.

Nuveen LLC acquired a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,645,570 shares of the company's stock, valued at approximately $60,903,000. Nuveen LLC owned 0.54% of H World Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Confluence Investment Management LLC purchased a new stake in H World Group during the 1st quarter worth $209,000. Greenleaf Trust acquired a new position in shares of H World Group during the first quarter worth about $226,000. US Bancorp DE lifted its stake in shares of H World Group by 36.4% during the first quarter. US Bancorp DE now owns 6,600 shares of the company's stock worth $244,000 after purchasing an additional 1,761 shares in the last quarter. Mariner LLC grew its stake in shares of H World Group by 33.8% in the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after buying an additional 2,050 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in H World Group by 41.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 9,446 shares of the company's stock worth $312,000 after acquiring an additional 2,774 shares during the period. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Stock Performance

Shares of HTHT stock traded up $0.12 on Monday, hitting $33.19. 1,674,131 shares of the stock traded hands, compared to its average volume of 1,970,986. The company's fifty day moving average is $33.22 and its 200 day moving average is $34.71. H World Group Limited Sponsored ADR has a 1-year low of $27.52 and a 1-year high of $42.98. The company has a market capitalization of $10.19 billion, a PE ratio of 23.06, a PEG ratio of 1.60 and a beta of 0.47. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price target on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.