Massachusetts Financial Services Co. MA Reduces Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Massachusetts Financial Services Co. MA cut its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 33.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,833 shares of the company's stock after selling 40,249 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in H World Group were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in H World Group by 4,554.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock worth $432,453,000 after acquiring an additional 11,433,692 shares in the last quarter. Capital International Investors raised its position 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 valued at $308,321,000 after purchasing an additional 1,452,364 shares in the last quarter. Capital Research Global Investors acquired a new stake in H World Group in the 4th quarter valued at about $307,715,000. Temasek Holdings Private Ltd raised its position in H World Group by 87.2% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock valued at $136,002,000 after purchasing an additional 1,917,528 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in 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 purchasing an additional 1,842,244 shares in the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Stock Performance

HTHT stock remained flat at $33.76 during mid-day trading on Wednesday. The company's stock had a trading volume of 1,664,968 shares, compared to its average volume of 1,982,615. H World Group Limited Sponsored ADR has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a market cap of $10.36 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day moving average of $34.56 and a two-hundred day moving average of $34.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. JPMorgan Chase & Co. reduced their price target on 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.