WFM ASIA BVI Ltd Sells 1,852,200 Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Key Points

• WFM ASIA BVI Ltd has reduced its stake in H World Group Limited by 50.3%, selling 1,852,200 shares and now holding approximately 1,831,116 shares which constitute 7.6% of its portfolio.
• JPMorgan Chase & Co. has revised its price target for H World Group from $43.00 to $42.00 and maintains an "overweight" rating on the stock.
• Approximately 46.41% of H World Group's stock is owned by institutional investors and hedge funds, indicating significant backing from large financial entities.

WFM ASIA BVI Ltd cut its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,831,116 shares of the company's stock after selling 1,852,200 shares during the period. H World Group makes up about 7.6% of WFM ASIA BVI Ltd's investment portfolio, making the stock its 5th largest holding. WFM ASIA BVI Ltd owned about 0.60% of H World Group worth $67,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in H World Group in the first quarter worth approximately $51,000. Confluence Investment Management LLC acquired a new stake in H World Group in the first quarter worth approximately $209,000. Greenleaf Trust acquired a new stake in H World Group in the first quarter worth approximately $226,000. US Bancorp DE lifted its position in H World Group by 36.4% in the first quarter. US Bancorp DE now owns 6,600 shares of the company's stock worth $244,000 after purchasing an additional 1,761 shares during the period. Finally, Mariner LLC increased its holdings 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 and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.80.

H World Group Price Performance

Shares of NASDAQ HTHT traded up $0.36 during trading on Thursday, hitting $33.22. The company had a trading volume of 2,125,497 shares, compared to its average volume of 1,844,658. The company has a market cap of $10.20 billion, a P/E ratio of 23.07, a PEG ratio of 1.59 and a beta of 0.47. H World Group Limited Sponsored ADR has a 52 week low of $27.52 and a 52 week high of $42.98. The business's 50-day moving average is $33.26 and its 200 day moving average is $34.68. 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 Company 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.