Mitsubishi UFJ Trust & Banking Corp Purchases 2,420,473 Shares of H World Group Limited Sponsored ADR $HTHT

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 43.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,026,731 shares of the company’s stock after acquiring an additional 2,420,473 shares during the quarter. H World Group accounts for 0.7% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 18th biggest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in H World Group were worth $313,925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HTHT. USA Financial Formulas bought a new stake in shares of H World Group in the second quarter worth $28,000. Hantz Financial Services Inc. increased its stake in H World Group by 575.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock valued at $49,000 after buying an additional 1,232 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after buying an additional 649 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in H World Group by 82.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock worth $73,000 after buying an additional 968 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of H World Group by 889.5% during 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 during the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Benchmark boosted their price target on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. HSBC raised H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Finally, Hsbc Global Res upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, H World Group currently has a consensus rating of “Buy” and an average price target of $42.13.

H World Group Price Performance

NASDAQ:HTHT opened at $50.28 on Friday. H World Group Limited Sponsored ADR has a 12-month low of $30.20 and a 12-month high of $51.46. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.17 and a beta of 0.14. The stock’s 50 day moving average price is $47.86 and its two-hundred day moving average price is $40.51. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32.

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.