DAVENPORT & Co LLC Acquires New Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

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

Several other institutional investors have also recently modified their holdings of HTHT. Daiwa Securities Group Inc. purchased a new position in H World Group during the 4th quarter worth approximately $33,000. US Bancorp DE boosted its holdings in H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after purchasing an additional 845 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of H World Group during the 4th quarter valued at about $196,000. Confluence Investment Management LLC acquired a new position in shares of H World Group in the 1st quarter valued at about $209,000. Finally, Mariner LLC boosted its stake 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 worth $268,000 after buying an additional 2,050 shares during the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Price Performance

Shares of H World Group stock traded up $0.75 during trading hours on Monday, reaching $33.98. 270,513 shares of the company's stock were exchanged, compared to its average volume of 1,984,740. H World Group Limited Sponsored ADR has a 1 year low of $27.03 and a 1 year high of $42.98. The company has a market capitalization of $10.43 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.25 and a beta of 0.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $35.18 and a two-hundred day moving average of $34.63.

Analyst Upgrades and Downgrades

HTHT has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, H World Group currently has an average rating of "Moderate Buy" and a consensus target price of $40.80.

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.