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

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 30.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,968 shares of the company’s stock after purchasing an additional 50,417 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of H World Group worth $7,919,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in H World Group by 7.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company’s stock worth $349,000 after purchasing an additional 646 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in H World Group by 2.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company’s stock worth $1,462,000 after purchasing an additional 800 shares in the last quarter. Asset Management One Co. Ltd. raised its position 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. US Bancorp DE raised its position 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 buying an additional 1,761 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of H World Group by 7.3% during the 4th quarter. Ameriprise Financial Inc. now owns 28,046 shares of the company’s stock valued at $926,000 after buying an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 1.0%

Shares of NASDAQ HTHT opened at $32.09 on Tuesday. The firm’s 50-day moving average price is $33.42 and its 200-day moving average price is $34.71. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 1.50 and a beta of 0.47. H World Group Limited Sponsored ADR has a 12-month low of $27.52 and a 12-month high of $42.98.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their target price on shares of 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.80.

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.