Waverton Investment Management Ltd Grows Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Waverton Investment Management Ltd raised its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 9.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 201,669 shares of the company's stock after purchasing an additional 17,769 shares during the period. Waverton Investment Management Ltd owned 0.06% of H World Group worth $7,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DnB Asset Management AS grew its stake in shares of H World Group by 5.6% during the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock valued at $485,000 after acquiring an additional 784 shares during the period. Rhumbline Advisers boosted its position in shares of H World Group by 2.3% in 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 period. US Bancorp DE increased its stake in shares of H World Group by 21.2% in 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 in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of H World Group during the 4th quarter valued at $33,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of H World Group by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 33,926 shares of the company's stock valued at $1,256,000 after buying an additional 1,684 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HTHT. JPMorgan Chase & Co. lowered their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, H World Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Stock Up 0.7%

Shares of HTHT opened at $34.28 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.28 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 simple moving average is $35.31 and its 200-day simple moving average is $34.61.

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.

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