Central Asset Investments & Management Holdings HK Ltd Sells 28,360 Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• Central Asset Investments & Management Holdings HK Ltd reduced its holdings in H World Group Limited by 58.6% during the first quarter, owning 20,000 shares after selling 28,360 shares.
• Other institutional investors like Confluence Investment Management and US Bancorp DE have either acquired new positions or increased their stakes in H World Group, with institutional ownership currently at 46.41%.
• H World Group's target price has been reduced from $43.00 to $42.00 by JPMorgan Chase, while the stock maintains an average rating of "Moderate Buy" with a target price of $40.80.

Central Asset Investments & Management Holdings HK Ltd lowered its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 58.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the company's stock after selling 28,360 shares during the period. H World Group comprises about 1.2% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 19th biggest holding. Central Asset Investments & Management Holdings HK Ltd's holdings in H World Group were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Confluence Investment Management LLC acquired a new stake in shares of H World Group in the 1st quarter valued at $209,000. Greenleaf Trust acquired a new stake in shares of H World Group in the 1st quarter valued at $226,000. US Bancorp DE lifted its stake in shares of H World Group by 36.4% in the 1st 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 stake in shares of H World Group by 33.8% in the 4th 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 stake in shares of H World Group by 41.6% in the 4th 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 and hedge funds own 46.41% of the company's stock.

H World Group Stock Performance

HTHT stock traded up $0.36 during mid-day trading on Thursday, reaching $33.22. 2,125,497 shares of the stock traded hands, compared to its average volume of 1,844,658. The company has a quick ratio of 0.88, a current 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 business has a 50-day moving average of $33.26 and a two-hundred day moving average of $34.68. The firm has a market capitalization of $10.20 billion, a PE ratio of 23.07, a P/E/G ratio of 1.59 and a beta of 0.47.

Wall Street Analyst Weigh In

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

H World Group Company 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.