Prudential PLC Grows Position in H World Group Limited Sponsored ADR $HTHT

Prudential PLC increased its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,711 shares of the company’s stock after acquiring an additional 9,314 shares during the quarter. Prudential PLC’s holdings in H World Group were worth $3,891,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WFM ASIA BVI Ltd increased its stake in H World Group by 65.8% in the 2nd quarter. WFM ASIA BVI Ltd now owns 3,035,416 shares of the company’s stock valued at $102,961,000 after buying an additional 1,204,300 shares during the period. Rovida Advisors Inc. acquired a new position in shares of H World Group during the 2nd quarter worth $8,480,000. Raiffeisen Bank International AG acquired a new position in H World Group during the second quarter worth about $174,000. Creative Planning lifted its stake in H World Group by 31.9% in the 2nd quarter. Creative Planning now owns 53,640 shares of the company’s stock valued at $1,819,000 after buying an additional 12,959 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of H World Group by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after acquiring an additional 968 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Price Performance

HTHT opened at $43.92 on Friday. H World Group Limited Sponsored ADR has a 52-week low of $30.13 and a 52-week high of $45.90. The company has a market cap of $13.52 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.83 and a beta of 0.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $39.77 and a two-hundred day moving average of $36.44.

Wall Street Analyst Weigh In

HTHT has been the subject of a number of recent research reports. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Benchmark raised their price target on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a report on Monday. Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Finally, HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $42.13.

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.