ABC Arbitrage SA Invests $689,000 in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• ABC Arbitrage SA has acquired a new position in H World Group, purchasing 18,620 shares valued at approximately $689,000.
• Notable institutional investors, including Mirae Asset Global Investments and Mitsubishi UFJ Trust & Banking Corp., have significantly increased their stakes in H World Group, showcasing strong institutional interest in the company.
• JPMorgan Chase & Co. has adjusted its target price for H World Group from $43.00 to $42.00, maintaining an "overweight" rating for the stock.

ABC Arbitrage SA bought a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,620 shares of the company's stock, valued at approximately $689,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HTHT. Confluence Investment Management LLC bought a new position in shares of H World Group in the first quarter worth $209,000. Greenleaf Trust bought a new position in shares of H World Group in the first quarter worth $226,000. US Bancorp DE lifted its position in H World Group by 36.4% during the first quarter. US Bancorp DE now owns 6,600 shares of the company's stock valued at $244,000 after purchasing an additional 1,761 shares during the last quarter. Mariner LLC lifted its position in H World Group by 33.8% during the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in H World Group by 41.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,446 shares of the company's stock valued at $312,000 after purchasing an additional 2,774 shares during the last quarter. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

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

H World Group Trading Down 0.8%

Shares of HTHT traded down $0.27 during mid-day trading on Friday, reaching $32.43. The company's stock had a trading volume of 1,744,867 shares, compared to its average volume of 1,923,690. The stock has a market cap of $9.95 billion, a PE ratio of 22.52, a P/E/G ratio of 1.22 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. H World Group Limited Sponsored ADR has a 52 week low of $27.52 and a 52 week high of $42.98. The company's fifty day moving average price is $33.49 and its two-hundred day moving average price is $34.69.

About H World Group

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.