H World Group Limited Sponsored ADR $HTHT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 9.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 233,362 shares of the company’s stock after selling 24,700 shares during the quarter. Pictet Asset Management Holding SA’s holdings in H World Group were worth $11,736,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new stake in H World Group in the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC grew its holdings in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the 3rd quarter worth about $66,000. Osaic Holdings Inc. increased its position in shares of H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after purchasing an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its position in shares of H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after purchasing an additional 277 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on HTHT shares. Benchmark upped their target price on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target on the stock in a research note on Monday, March 9th. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Trading Down 0.7%

NASDAQ HTHT opened at $42.14 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.17 and a beta of 0.13. The firm has a 50 day simple moving average of $45.62 and a 200-day simple moving average of $49.05. H World Group Limited Sponsored ADR has a one year low of $30.41 and a one year high of $56.63.

H World Group Company 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.