35,885 Shares in H World Group Limited Sponsored ADR $HTHT Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,885 shares of the company’s stock, valued at approximately $1,403,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ethic Inc. boosted its stake in shares of H World Group by 5.5% during the second quarter. Ethic Inc. now owns 7,125 shares of the company’s stock valued at $244,000 after purchasing an additional 372 shares during the period. Asset Management One Co. Ltd. lifted its holdings in H World Group by 1.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 33,228 shares of the company’s stock valued at $1,300,000 after buying an additional 466 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in H World Group by 81.0% during the 2nd 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 in the last quarter. USA Financial Formulas purchased a new stake in H World Group in the 2nd quarter valued at about $28,000. Finally, AQR Capital Management LLC grew its stake in H World Group by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after acquiring an additional 936 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 0.4%

Shares of NASDAQ HTHT opened at $50.28 on Friday. H World Group Limited Sponsored ADR has a 1-year low of $30.20 and a 1-year high of $51.46. The business has a fifty day moving average price of $47.86 and a 200 day moving average price of $40.51. The stock has a market capitalization of $15.48 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. Benchmark raised their price objective on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 6th. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, H World Group has an average rating of “Buy” and an average price target of $42.13.

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.