AIA Group Ltd Buys 13,953 Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• AIA Group Ltd raised its stake in H World Group by 4.7%, acquiring an additional 13,953 shares, and now holds approximately 0.10% of the company valued at $11.42 million.
• Other institutional investors have also increased their positions, with ownership now totaling 46.41% of H World Group's shares.
• H World Group's current stock price has decreased by 0.8%, with market analysts maintaining a "Moderate Buy" consensus rating and a price target of $40.80.

AIA Group Ltd increased its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,636 shares of the company's stock after purchasing an additional 13,953 shares during the quarter. AIA Group Ltd owned 0.10% of H World Group worth $11,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nuveen LLC bought a new position in shares of H World Group during the first quarter valued at $60,903,000. Keystone Investors PTE Ltd. lifted its holdings in H World Group by 1,280.0% in the first quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock valued at $70,378,000 after acquiring an additional 1,763,789 shares during the period. Swiss National Bank lifted its holdings in H World Group by 2.0% in the first quarter. Swiss National Bank now owns 470,509 shares of the company's stock valued at $17,414,000 after acquiring an additional 9,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in H World Group by 30.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 213,968 shares of the company's stock valued at $7,919,000 after acquiring an additional 50,417 shares during the period. Finally, ABC Arbitrage SA bought a new position in H World Group in the first quarter valued at about $689,000. 46.41% of the stock is owned by institutional investors.

H World Group Stock Performance

HTHT stock traded up $0.36 during trading on Thursday, reaching $33.22. The stock had a trading volume of 2,125,497 shares, compared to its average volume of 1,979,645. H World Group Limited Sponsored ADR has a 52 week low of $27.52 and a 52 week high of $42.98. The stock's 50 day moving average is $33.31 and its two-hundred day moving average is $34.68. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $10.20 billion, a PE ratio of 23.07, a PEG ratio of 1.56 and a beta of 0.47.

Analyst Upgrades and Downgrades

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

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.