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

E Fund Management Hong Kong Co. Ltd. trimmed its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,101 shares of the company's stock after selling 34,540 shares during the period. H World Group makes up approximately 2.8% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 7th largest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in H World Group were worth $3,113,000 as of its most recent filing with the SEC.

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

H World Group Stock Down 0.1%

H World Group stock traded down $0.05 during mid-day trading on Friday, hitting $34.23. 1,839,990 shares of the company's stock were exchanged, compared to its average volume of 2,008,606. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.51 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.28 and a beta of 0.48. The stock has a 50 day moving average of $35.31 and a two-hundred day moving average of $34.61. H World Group Limited Sponsored ADR has a 1-year low of $27.03 and a 1-year high of $42.98.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HTHT. JPMorgan Chase & Co. reduced their target price on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.