E Fund Management Hong Kong Co. Ltd. Has $3.11 Million Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

E Fund Management Hong Kong Co. Ltd. decreased its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 29.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,101 shares of the company's stock after selling 34,540 shares during the period. H World Group accounts for about 2.8% of E Fund Management Hong Kong Co. Ltd.'s holdings, 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Daiwa Securities Group Inc. bought a new position in shares of H World Group during the fourth quarter valued at approximately $33,000. US Bancorp DE increased its position in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after buying an additional 845 shares in the last quarter. Confluence Investment Management LLC bought a new position in H World Group during the 1st quarter valued at approximately $209,000. iA Global Asset Management Inc. bought a new position in shares of H World Group during the fourth quarter valued at $196,000. Finally, Mariner LLC increased its holdings in shares of H World Group by 33.8% during the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after acquiring an additional 2,050 shares in the last quarter. Institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

Shares of HTHT stock traded up $0.34 during mid-day trading on Tuesday, reaching $34.55. 887,125 shares of the company's stock traded hands, compared to its average volume of 2,005,145. H World Group Limited Sponsored ADR has a 12 month low of $27.03 and a 12 month high of $42.98. The firm has a 50 day moving average price of $35.33 and a two-hundred day moving average price of $34.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $10.60 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.26 and a beta of 0.48.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HTHT shares. JPMorgan Chase & Co. reduced their price target on 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 research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, H World Group currently has an average rating of "Moderate Buy" and a consensus target price of $40.80.

About H World Group

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.