E Fund Management Co. Ltd. Reduces Stock Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• E Fund Management Co. Ltd. has reduced its holdings in H World Group by 28.8%, selling 34,123 shares and now owning a total of 84,518 shares valued at approximately $3.13 million.
• Other institutional investors have also adjusted their stakes in H World Group, with US Bancorp DE increasing its position by 36.4% during the first quarter.
• H World Group stocks saw a slight increase of 0.5%, opening at $32.24, while its market capitalization stands at $9.90 billion with a consensus rating of "Moderate Buy" from analysts.

E Fund Management Co. Ltd. lessened its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 28.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,518 shares of the company's stock after selling 34,123 shares during the quarter. E Fund Management Co. Ltd.'s holdings in H World Group were worth $3,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HTHT. Geode Capital Management LLC raised its stake in H World Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company's stock valued at $43,276,000 after purchasing an additional 32,409 shares during the period. Envestnet Asset Management Inc. raised its stake in H World Group by 41.6% during 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 period. Mariner LLC raised its stake in H World Group by 33.8% during 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 period. XTX Topco Ltd bought a new stake in H World Group during the 4th quarter valued at approximately $1,003,000. Finally, Canada Pension Plan Investment Board raised its stake in H World Group by 91.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 767,500 shares of the company's stock valued at $25,351,000 after purchasing an additional 367,500 shares during the period. Institutional investors own 46.41% of the company's stock.

H World Group Price Performance

NASDAQ:HTHT traded up $0.36 during trading hours on Thursday, reaching $33.22. The stock had a trading volume of 2,125,497 shares, compared to its average volume of 1,844,658. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. H World Group Limited Sponsored ADR has a 52 week low of $27.52 and a 52 week high of $42.98. The company has a 50 day moving average price of $33.26 and a two-hundred day moving average price of $34.68. The stock has a market capitalization of $10.20 billion, a PE ratio of 23.07, a PEG ratio of 1.59 and a beta of 0.47.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.