BRIGHT VALLEY CAPITAL Ltd Takes Position in H World Group Limited Sponsored ADR $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 shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,000 shares of the company's stock, valued at approximately $814,000. H World Group makes up approximately 0.3% of BRIGHT VALLEY CAPITAL Ltd's holdings, making the stock its 11th biggest position.

A number of other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of H World Group during the 1st quarter valued at $51,000. Resona Asset Management Co. Ltd. lifted its stake in shares of H World Group by 11.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 54,745 shares of the company's stock valued at $2,024,000 after buying an additional 5,826 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of H World Group by 20.7% during the 1st quarter. Public Sector Pension Investment Board now owns 78,253 shares of the company's stock valued at $2,896,000 after buying an additional 13,400 shares in the last quarter. AIA Group Ltd lifted its stake in shares of H World Group by 4.7% during the 1st quarter. AIA Group Ltd now owns 308,636 shares of the company's stock valued at $11,423,000 after buying an additional 13,953 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in H World Group in the 1st quarter worth $60,903,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Price Performance

Shares of HTHT stock traded down $0.03 during trading hours on Monday, hitting $33.04. The stock had a trading volume of 6,205,292 shares, compared to its average volume of 2,000,910. H World Group Limited Sponsored ADR has a one year low of $27.52 and a one year high of $42.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The stock's 50-day moving average price is $33.22 and its two-hundred day moving average price is $34.71. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.60 and a beta of 0.47.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price objective on 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.