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

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 4,554.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,684,748 shares of the company's stock after buying an additional 11,433,692 shares during the quarter. H World Group makes up approximately 1.1% of Mirae Asset Global Investments Co. Ltd.'s investment portfolio, making the stock its 18th largest position. 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 quarter.

A number of other institutional investors have also recently bought and sold shares of the business. DnB Asset Management AS boosted its holdings in shares of H World Group by 5.6% during the fourth quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock worth $485,000 after acquiring an additional 784 shares during the period. Rhumbline Advisers lifted its stake in H World Group by 2.3% during the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock worth $1,146,000 after purchasing an additional 791 shares during the last quarter. US Bancorp DE lifted its stake in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after purchasing an additional 845 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in H World Group during the fourth quarter worth $33,000. Finally, Asset Management One Co. Ltd. lifted its stake in H World Group by 5.2% during the first quarter. Asset Management One Co. Ltd. now owns 33,926 shares of the company's stock worth $1,256,000 after purchasing an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HTHT. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a report on Monday, March 31st. JPMorgan Chase & Co. lowered their price target on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Price Performance

Shares of NASDAQ:HTHT traded down $0.05 during trading on Friday, hitting $34.23. 1,839,990 shares of the company were exchanged, compared to its average volume of 2,010,047. The company has a market capitalization of $10.51 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.29 and a beta of 0.48. H World Group Limited Sponsored ADR has a 1-year low of $27.03 and a 1-year high of $42.98. The business's 50 day moving average is $35.30 and its 200-day moving average is $34.61. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

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.