DAVENPORT & Co LLC Takes Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

DAVENPORT & Co LLC acquired a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,955 shares of the company's stock, valued at approximately $1,294,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HTHT. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of H World Group by 7.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock worth $349,000 after purchasing an additional 646 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of H World Group by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 485,525 shares of the company's stock valued at $17,969,000 after purchasing an additional 2,760 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of H World Group by 4,554.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock valued at $432,453,000 after purchasing an additional 11,433,692 shares during the last quarter. Waverton Investment Management Ltd increased its position in shares of H World Group by 9.7% during the 1st quarter. Waverton Investment Management Ltd now owns 201,669 shares of the company's stock valued at $7,465,000 after purchasing an additional 17,769 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of H World Group by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 33,926 shares of the company's stock valued at $1,256,000 after acquiring an additional 1,684 shares during the period. Hedge funds and other institutional investors own 46.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HTHT shares. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. JPMorgan Chase & Co. lowered their target price 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, H World Group has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Trading Down 1.2%

Shares of NASDAQ:HTHT traded down $0.40 on Wednesday, hitting $33.57. 1,687,940 shares of the company's stock were exchanged, compared to its average volume of 1,990,107. H World Group Limited Sponsored ADR has a 12 month low of $27.03 and a 12 month high of $42.98. The stock has a market capitalization 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 business's 50 day simple moving average is $35.16 and its two-hundred day simple moving average is $34.62. 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 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.