Bank of New York Mellon Corp Grows Stock Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Bank of New York Mellon Corp grew its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 8.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 220,697 shares of the company's stock after buying an additional 17,279 shares during the period. Bank of New York Mellon Corp owned 0.07% of H World Group worth $8,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HTHT. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of H World Group by 4,554.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock worth $432,453,000 after acquiring an additional 11,433,692 shares during the period. Capital Research Global Investors acquired a new position in shares of H World Group during the fourth quarter worth about $307,715,000. Temasek Holdings Private Ltd increased its stake in shares of H World Group by 87.2% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock worth $136,002,000 after acquiring an additional 1,917,528 shares during the period. Nuveen Asset Management LLC increased its stake in shares of H World Group by 625.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock worth $70,578,000 after acquiring an additional 1,842,244 shares during the period. Finally, Capital International Investors increased its stake in shares of H World Group by 18.4% during the fourth quarter. Capital International Investors now owns 9,334,577 shares of the company's stock worth $308,321,000 after acquiring an additional 1,452,364 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Price Performance

Shares of HTHT traded down $0.67 during mid-day trading on Friday, reaching $33.28. 2,162,530 shares of the company's stock were exchanged, compared to its average volume of 1,625,883. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $34.33 and a two-hundred day simple moving average of $34.67. H World Group Limited Sponsored ADR has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.25 and a beta of 0.46.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HTHT. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. 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 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.