SEB Asset Management AB Invests $3.71 Million in H World Group Limited Sponsored ADR $HTHT

Key Points

• SEB Asset Management AB opened a new position in H World Group Limited Sponsored ADR, buying 73,781 shares worth about $3.71 million in the first quarter.
• Other institutional investors also adjusted their holdings, and institutions now own 46.41% of H World Group’s stock.
• Analyst sentiment is mixed but still constructive: the stock has a Moderate Buy consensus rating with a target price of $61.20, though recent ratings included both upgrades and downgrades.

SEB Asset Management AB acquired a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 73,781 shares of the company's stock, valued at approximately $3,710,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TD Private Client Wealth LLC acquired a new stake in H World Group during the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC lifted its stake in H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock valued at $49,000 after buying an additional 649 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company's stock worth $78,000 after buying an additional 277 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of H World Group during the 1st quarter worth approximately $85,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of H World Group in the 3rd quarter valued at $66,000. Institutional investors own 46.41% of the company's stock.

H World Group Price Performance

Shares of HTHT opened at $40.49 on Thursday. The business's fifty day moving average is $43.34 and its 200 day moving average is $48.41. H World Group Limited Sponsored ADR has a 12-month low of $30.41 and a 12-month high of $56.63. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market cap of $12.45 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.10 and a beta of 0.13.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HTHT shares. Zacks Research lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of H World Group from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Finally, Weiss Ratings downgraded H World Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.20.

H World Group Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.

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