Nuveen LLC Purchases New Position in H World Group Limited Sponsored ADR (NASDAQ: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 purchased a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,645,570 shares of the company's stock, valued at approximately $60,903,000. Nuveen LLC owned approximately 0.54% of H World Group at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Confluence Investment Management LLC purchased a new position in H World Group in the 1st quarter worth $209,000. Greenleaf Trust purchased a new position in H World Group in the 1st quarter worth $226,000. US Bancorp DE raised its position in H World Group by 36.4% in the 1st quarter. US Bancorp DE now owns 6,600 shares of the company's stock worth $244,000 after purchasing an additional 1,761 shares during the period. Mariner LLC raised its position in H World Group by 33.8% in the 4th quarter. Mariner LLC now owns 8,120 shares of the company's stock worth $268,000 after purchasing an additional 2,050 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in H World Group by 7.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock worth $349,000 after purchasing an additional 646 shares during the period. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Trading Down 0.5%

Shares of HTHT stock traded down $0.15 during mid-day trading on Friday, reaching $33.07. The stock had a trading volume of 634,925 shares, compared to its average volume of 1,866,537. The stock's 50-day moving average price is $33.22 and its two-hundred day moving average price is $34.70. H World Group Limited Sponsored ADR has a 52-week low of $27.52 and a 52-week high of $42.98. The firm has a market capitalization of $10.15 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

Analyst Upgrades and Downgrades

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

H World Group 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.