H World Group Limited Sponsored ADR $HTHT Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 56.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,276 shares of the company’s stock after selling 84,787 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in H World Group were worth $2,514,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HTHT. Nordea Investment Management AB increased its holdings in H World Group by 40.2% in the 2nd quarter. Nordea Investment Management AB now owns 790,947 shares of the company’s stock worth $26,865,000 after acquiring an additional 226,865 shares in the last quarter. Rovida Advisors Inc. acquired a new stake in shares of H World Group in the second quarter valued at about $8,480,000. US Bancorp DE increased its stake in shares of H World Group by 221.3% during the second quarter. US Bancorp DE now owns 21,207 shares of the company’s stock worth $719,000 after purchasing an additional 14,607 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of H World Group during the 3rd quarter worth about $415,000. Finally, Schroder Investment Management Group lifted its stake in H World Group by 95.0% in the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after buying an additional 6,082,369 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analysts Set New Price Targets

HTHT has been the subject of several research reports. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, H World Group has a consensus rating of “Buy” and an average price target of $42.13.

H World Group Stock Performance

Shares of H World Group stock opened at $47.10 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.85. The business’s 50 day moving average price is $48.37 and its 200 day moving average price is $41.27. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.11 and a beta of 0.16. H World Group Limited Sponsored ADR has a one year low of $30.20 and a one year high of $51.46.

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.