Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in H World Group by 30.8%, owning 213,968 shares valued at approximately $7.9 million following the purchase of an additional 50,417 shares.
• Several hedge funds, including Sumitomo Mitsui DS Asset Management and US Bancorp DE, also raised their positions in H World Group during the first quarter, reflecting growing institutional investment in the company.
• JPMorgan Chase & Co. reduced their target price on H World Group from $43 to $42 while maintaining an "overweight" rating, contributing to a general consensus of a "Moderate Buy" with an average target price of $40.80.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,968 shares of the company's stock after purchasing an additional 50,417 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of H World Group worth $7,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Confluence Investment Management LLC purchased a new stake in shares of H World Group during the 1st quarter valued at about $209,000. Greenleaf Trust purchased a new stake in shares of H World Group during the 1st quarter valued at about $226,000. US Bancorp DE boosted its holdings in shares of H World Group by 36.4% during the 1st quarter. US Bancorp DE now owns 6,600 shares of the company's stock valued at $244,000 after acquiring an additional 1,761 shares during the last quarter. Mariner LLC boosted its holdings in shares of H World Group by 33.8% during the 4th quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after acquiring an additional 2,050 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of H World Group by 41.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 9,446 shares of the company's stock valued at $312,000 after acquiring an additional 2,774 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Price Performance

NASDAQ:HTHT traded up $0.36 during trading hours on Thursday, hitting $33.22. 2,125,497 shares of the stock traded hands, compared to its average volume of 1,982,693. 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 Limited Sponsored ADR has a 1 year low of $27.52 and a 1 year high of $42.98. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.56 and a beta of 0.47. The stock has a 50 day moving average price of $33.31 and a 200 day moving average price of $34.68.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.