BRIGHT VALLEY CAPITAL Ltd Takes Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• BRIGHT VALLEY CAPITAL Ltd has purchased 22,000 shares of H World Group Limited, valued at approximately $814,000, making it the company's 11th largest holding.
• Various hedge funds, including Caitong International Asset Management and Confluence Investment Management, have also acquired stakes in H World Group during the first quarter, contributing to institutional investors holding 46.41% of the stock.
• JPMorgan Chase & Co. recently lowered their target price for H World Group shares from $43.00 to $42.00, while the stock has a current average rating of "Moderate Buy" with a target price of $40.80.

BRIGHT VALLEY CAPITAL Ltd bought a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,000 shares of the company's stock, valued at approximately $814,000. H World Group comprises 0.3% of BRIGHT VALLEY CAPITAL Ltd's holdings, making the stock its 11th largest holding.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group in the first quarter valued at about $51,000. Confluence Investment Management LLC acquired a new stake in shares of H World Group in the first quarter valued at about $209,000. Greenleaf Trust acquired a new stake in shares of H World Group in the first quarter valued at about $226,000. US Bancorp DE raised its position in shares of H World Group by 36.4% in the first quarter. US Bancorp DE now owns 6,600 shares of the company's stock valued at $244,000 after buying an additional 1,761 shares during the last quarter. Finally, Mariner LLC raised its position 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 during the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Trading Up 1.9%

Shares of HTHT opened at $32.86 on Thursday. 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 12-month low of $27.52 and a 12-month high of $42.98. The firm has a 50-day moving average price of $33.31 and a 200 day moving average price of $34.68. The firm has a market capitalization of $10.09 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.56 and a beta of 0.47.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.

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