Perseverance Asset Management International Has $195.23 Million Holdings in H World Group Limited Sponsored ADR $HTHT

Perseverance Asset Management International reduced its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 24.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,882,036 shares of the company’s stock after selling 1,290,334 shares during the period. H World Group comprises about 21.5% of Perseverance Asset Management International’s investment portfolio, making the stock its 2nd biggest position. Perseverance Asset Management International’s holdings in H World Group were worth $195,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new stake in H World Group during the fourth quarter valued at approximately $45,000. EverSource Wealth Advisors LLC grew its stake in shares of H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of H World Group in the 3rd quarter worth approximately $66,000. Osaic Holdings Inc. raised its holdings in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after buying an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position 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 during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 0.3%

Shares of HTHT opened at $40.62 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.14 and a beta of 0.13. The stock has a fifty day moving average price of $43.24 and a two-hundred day moving average price of $48.36. H World Group Limited Sponsored ADR has a 52-week low of $30.41 and a 52-week high of $56.63.

Analysts Set New Price Targets

Several analysts recently commented on HTHT shares. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.