5,941 Shares in H World Group Limited (NASDAQ:HTHT) Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. acquired a new position in shares of H World Group Limited (NASDAQ:HTHT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,941 shares of the company’s stock, valued at approximately $196,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTHT. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of H World Group in the 3rd quarter valued at about $450,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of H World Group in the 3rd quarter valued at about $1,921,000. Quantbot Technologies LP raised its stake in shares of H World Group by 21.4% in the 3rd quarter. Quantbot Technologies LP now owns 62,935 shares of the company’s stock valued at $2,341,000 after purchasing an additional 11,081 shares during the period. Verition Fund Management LLC acquired a new stake in shares of H World Group in the 3rd quarter valued at about $1,151,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of H World Group in the 3rd quarter valued at about $418,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Price Performance

NASDAQ:HTHT opened at $37.60 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The stock’s 50-day simple moving average is $34.63 and its 200 day simple moving average is $34.65. The company has a market cap of $11.78 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.28 and a beta of 0.70. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98.

Analyst Ratings Changes

HTHT has been the topic of several recent research reports. Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Benchmark dropped their price target on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price on the stock. in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.68.

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.