China Universal Asset Management Co. Ltd. Raises Stock Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

China Universal Asset Management Co. Ltd. grew its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 5,000.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,200 shares of the company's stock after purchasing an additional 10,000 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in H World Group were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of H World Group by 51.6% in the first quarter. Envestnet Asset Management Inc. now owns 14,316 shares of the company's stock valued at $530,000 after purchasing an additional 4,870 shares during the period. Penserra Capital Management LLC increased its holdings in shares of H World Group by 29.9% in the first quarter. Penserra Capital Management LLC now owns 18,013 shares of the company's stock valued at $666,000 after purchasing an additional 4,145 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of H World Group by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 220,697 shares of the company's stock worth $8,168,000 after buying an additional 17,279 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of H World Group by 37.9% in the first quarter. IFM Investors Pty Ltd now owns 11,730 shares of the company's stock worth $436,000 after buying an additional 3,223 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of H World Group in the first quarter worth about $1,294,000. 46.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HTHT has been the topic of a number of recent research reports. 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 research note on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, H World Group presently has an average rating of "Moderate Buy" and an average target price of $40.80.

H World Group Price Performance

HTHT stock traded down $0.40 during mid-day trading on Wednesday, reaching $33.57. 1,687,940 shares of the company's stock were exchanged, compared to its average volume of 1,994,235. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 1.28 and a beta of 0.46. The stock's 50 day moving average is $35.17 and its 200 day moving average is $34.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. H World Group Limited Sponsored ADR has a 12-month low of $27.03 and a 12-month high of $42.98.

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.