H World Group Limited Sponsored ADR $HTHT Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 28.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 49,576 shares of the company’s stock after selling 20,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in H World Group were worth $1,682,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new stake in H World Group during the second quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in H World Group in the 1st quarter valued at $40,000. Hantz Financial Services Inc. lifted its stake in shares of H World Group by 575.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock worth $49,000 after purchasing an additional 1,232 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the first quarter worth $51,000. Finally, PNC Financial Services Group Inc. grew 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 purchasing an additional 968 shares during the period. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Stock Up 0.8%

HTHT opened at $46.56 on Thursday. H World Group Limited Sponsored ADR has a 1 year low of $30.13 and a 1 year high of $46.77. The firm has a 50 day moving average price of $40.30 and a 200 day moving average price of $36.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $14.34 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.83 and a beta of 0.33.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Benchmark increased their target price 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. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Finally, Zacks Research upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $42.13.

H World Group Company 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.