State of New Jersey Common Pension Fund D Raises Stock Position in H World Group Limited Sponsored ADR $HTHT

State of New Jersey Common Pension Fund D raised its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 10.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 281,104 shares of the company’s stock after acquiring an additional 26,301 shares during the period. State of New Jersey Common Pension Fund D’s holdings in H World Group were worth $10,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shell Asset Management Co. grew its holdings in shares of H World Group by 255.1% during the 3rd quarter. Shell Asset Management Co. now owns 7,099 shares of the company’s stock worth $278,000 after purchasing an additional 5,100 shares during the period. Aberdeen Group plc boosted its stake in H World Group by 3.7% during the third quarter. Aberdeen Group plc now owns 50,394 shares of the company’s stock worth $1,971,000 after buying an additional 1,789 shares during the period. Rhumbline Advisers boosted its stake in H World Group by 1.3% during the third quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock worth $1,068,000 after buying an additional 352 shares during the period. Hantz Financial Services Inc. increased its position in shares of H World Group by 453.6% during the third quarter. Hantz Financial Services Inc. now owns 8,005 shares of the company’s stock valued at $313,000 after acquiring an additional 6,559 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of H World Group in the 3rd quarter valued at approximately $12,207,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Price Performance

Shares of NASDAQ HTHT opened at $52.53 on Tuesday. The stock’s 50-day simple moving average is $49.29 and its 200-day simple moving average is $42.58. The firm has a market capitalization of $16.17 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.16. H World Group Limited Sponsored ADR has a fifty-two week low of $30.20 and a fifty-two week high of $55.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.85.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HTHT. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. HSBC raised H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. Benchmark lifted their target price on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, H World Group presently has an average rating of “Moderate Buy” and an average price target of $47.00.

H World Group Profile

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.