True Light Capital Pte. Ltd. Sells 125,000 Shares of H World Group Limited Sponsored ADR $HTHT

True Light Capital Pte. Ltd. trimmed its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 15.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 674,189 shares of the company’s stock after selling 125,000 shares during the quarter. H World Group accounts for 17.1% of True Light Capital Pte. Ltd.’s portfolio, making the stock its 2nd largest position. True Light Capital Pte. Ltd.’s holdings in H World Group were worth $33,905,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. iA Global Asset Management Inc. grew its position in H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after purchasing an additional 277 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in H World Group by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock worth $466,000 after buying an additional 486 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after buying an additional 649 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of H World Group by 5.3% during the 4th quarter. Macquarie Group Ltd. now owns 17,056 shares of the company’s stock valued at $802,000 after buying an additional 859 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of H World Group by 1.3% during the 4th quarter. Public Sector Pension Investment Board now owns 70,753 shares of the company’s stock valued at $3,329,000 after buying an additional 900 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HTHT shares. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Benchmark lifted their price objective on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings downgraded H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

H World Group Stock Performance

Shares of NASDAQ HTHT opened at $41.21 on Wednesday. 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 market cap of $12.67 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.13 and a beta of 0.13. The business’s 50 day moving average is $44.09 and its two-hundred day moving average is $48.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

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.