Invesco Ltd. Trims Stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• Invesco Ltd. reduced its stake in H World Group Limited by 11.4%, selling 3,757,459 shares during the first quarter, leaving them with a holding of approximately 29.27 million shares valued at $1.08 billion.
• After modifications in institutional investor positions, it's noted that 46.41% of H World Group's stock is now held by institutional investors, indicating a significant institutional interest in the company.
• H World Group's shares are currently rated as a "Moderate Buy" by analysts, with a consensus target price of $40.80, down from a previous target of $43.00.

Invesco Ltd. lowered its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,267,676 shares of the company's stock after selling 3,757,459 shares during the period. Invesco Ltd. owned approximately 9.54% of H World Group worth $1,083,197,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of H World Group by 5,000.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 10,200 shares of the company's stock worth $378,000 after buying an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of H World Group by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 220,697 shares of the company's stock worth $8,168,000 after buying an additional 17,279 shares in the last quarter. Keystone Investors PTE Ltd. lifted its stake in shares of H World Group by 1,280.0% in the first quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock worth $70,378,000 after buying an additional 1,763,789 shares in the last quarter. Northern Trust Corp lifted its stake in shares of H World Group by 155.5% in the fourth quarter. Northern Trust Corp now owns 1,107,353 shares of the company's stock worth $36,576,000 after buying an additional 674,000 shares in the last quarter. Finally, RV Capital AG lifted its stake in shares of H World Group by 7.0% in the first quarter. RV Capital AG now owns 659,652 shares of the company's stock worth $24,414,000 after buying an additional 43,315 shares in the last quarter. Institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

Shares of HTHT traded up $0.36 during mid-day trading on Thursday, hitting $33.22. 2,125,497 shares of the company traded hands, 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. The stock has a 50-day moving average price of $33.26 and a two-hundred day moving average price of $34.68. H World Group Limited Sponsored ADR has a 1 year low of $27.52 and a 1 year high of $42.98. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.59 and a beta of 0.47.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on shares of 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, H World Group currently has a consensus rating of "Moderate Buy" and an average price target 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.