WFM ASIA BVI Ltd Buys 1,204,300 Shares of H World Group Limited Sponsored ADR $HTHT

WFM ASIA BVI Ltd grew its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 65.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,035,416 shares of the company’s stock after buying an additional 1,204,300 shares during the quarter. H World Group accounts for about 11.1% of WFM ASIA BVI Ltd’s portfolio, making the stock its 5th largest holding. WFM ASIA BVI Ltd owned about 0.99% of H World Group worth $102,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in H World Group by 8.5% in the 1st quarter. Bank of New York Mellon Corp now owns 220,697 shares of the company’s stock worth $8,168,000 after purchasing an additional 17,279 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in H World Group by 51.6% in the first quarter. Envestnet Asset Management Inc. now owns 14,316 shares of the company’s stock valued at $530,000 after buying an additional 4,870 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of H World Group by 8.7% during the 1st quarter. Victory Capital Management Inc. now owns 69,491 shares of the company’s stock worth $2,572,000 after acquiring an additional 5,580 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of H World Group by 2.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company’s stock valued at $1,462,000 after acquiring an additional 800 shares during the period. Finally, Fiera Capital Corp raised its holdings in H World Group by 20.3% in the 1st quarter. Fiera Capital Corp now owns 115,497 shares of the company’s stock worth $4,275,000 after purchasing an additional 19,471 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Stock Performance

NASDAQ HTHT opened at $44.14 on Thursday. The stock has a market cap of $13.59 billion, a PE ratio of 26.52, a P/E/G ratio of 1.83 and a beta of 0.33. H World Group Limited Sponsored ADR has a twelve month low of $30.13 and a twelve month high of $45.90. The stock has a fifty day simple moving average of $39.49 and a 200-day simple moving average of $36.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

Several research firms have recently weighed in on HTHT. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research report on Monday. Benchmark upped their price target on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.