SEB Asset Management AB Purchases Shares of 73,781 H World Group Limited Sponsored ADR $HTHT

SEB Asset Management AB acquired a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 73,781 shares of the company’s stock, valued at approximately $3,710,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HTHT. TD Private Client Wealth LLC bought a new position in shares of H World Group in the fourth quarter valued at approximately $45,000. EverSource Wealth Advisors LLC boosted its position in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in H World Group during the third quarter worth $66,000. Osaic Holdings Inc. grew its holdings in H World Group by 889.5% during the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after buying an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after buying an additional 277 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

H World Group Stock Performance

Shares of H World Group stock opened at $40.49 on Thursday. The business’s fifty day simple moving average is $43.34 and its 200 day simple moving average is $48.41. The firm has a market capitalization of $12.45 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.13. H World Group Limited Sponsored ADR has a 12 month low of $30.41 and a 12 month high of $56.63. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

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.