LGT Fund Management Co Ltd. Acquires Shares of 12,600 H World Group Limited Sponsored ADR $HTHT

LGT Fund Management Co Ltd. bought a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,600 shares of the company’s stock, valued at approximately $634,000.

Other large investors have also made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in H World Group in the fourth quarter worth about $45,000. 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 valued at $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group in the 3rd quarter valued at about $66,000. Osaic Holdings Inc. boosted its stake 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 valued at $77,000 after purchasing an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. grew 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 and hedge funds own 46.41% of the company’s stock.

H World Group Stock Performance

Shares of HTHT stock opened at $41.11 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $12.64 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.14 and a beta of 0.13. The stock has a 50-day moving average of $44.46 and a 200-day moving average of $48.78. H World Group Limited Sponsored ADR has a one year low of $30.41 and a one year high of $56.63.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HTHT shares. Benchmark boosted their price target on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, H World Group presently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

About H World Group

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.