Mirae Asset Global Investments Co. Ltd. Acquires 11,433,692 Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 4,554.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,684,748 shares of the company's stock after purchasing an additional 11,433,692 shares during the period. H World Group makes up about 1.1% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 18th biggest holding. Mirae Asset Global Investments Co. Ltd. owned approximately 3.73% of H World Group worth $432,453,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in shares of H World Group in the fourth quarter valued at about $33,000. US Bancorp DE grew its position in shares of H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after purchasing an additional 845 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of H World Group during the first quarter worth approximately $209,000. iA Global Asset Management Inc. bought a new position in shares of H World Group during the fourth quarter worth approximately $196,000. Finally, Mariner LLC raised its position in shares of H World Group by 33.8% in the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after buying an additional 2,050 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley restated an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their target price on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Price Performance

Shares of NASDAQ HTHT traded down $0.49 during trading hours on Tuesday, hitting $33.43. 1,102,765 shares of the stock were exchanged, compared to its average volume of 2,002,821. The company's fifty day simple moving average is $35.29 and its two-hundred day simple moving average is $34.63. The company has a market cap of $10.26 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. H World Group Limited Sponsored ADR has a 1-year low of $27.03 and a 1-year high of $42.98.

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.