Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• Mitsubishi UFJ Trust & Banking Corp significantly increased its holdings in H World Group by 2,301.4%, acquiring an additional 3,763,295 shares in the first quarter.
• JPMorgan Chase & Co. lowered its price target on H World Group from $43.00 to $42.00, maintaining an "overweight" rating on the stock.
• H World Group has a market capitalization of $9.59 billion and is categorized as having a consensus rating of "Moderate Buy" with a price target of $40.80.

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 2,301.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,926,818 shares of the company's stock after buying an additional 3,763,295 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 1.28% of H World Group worth $145,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of H World Group by 4,554.2% in 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. Capital Research Global Investors acquired a new stake in shares of H World Group during the fourth quarter worth $307,715,000. Temasek Holdings Private Ltd grew its holdings in shares of H World Group by 87.2% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock valued at $136,002,000 after buying an additional 1,917,528 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of H World Group by 625.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock valued at $70,578,000 after acquiring an additional 1,842,244 shares during the period. Finally, Capital International Investors raised its stake in H World Group by 18.4% in the 4th quarter. Capital International Investors now owns 9,334,577 shares of the company's stock worth $308,321,000 after acquiring an additional 1,452,364 shares during the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut 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 report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.80.

H World Group Stock Performance

H World Group stock traded down $0.17 during mid-day trading on Monday, hitting $31.06. The company had a trading volume of 2,051,369 shares, compared to its average volume of 1,799,132. 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 company's fifty day moving average is $33.90 and its 200-day moving average is $34.72. H World Group Limited Sponsored ADR has a 12-month low of $27.36 and a 12-month high of $42.98. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 1.17 and a beta of 0.47.

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.