State of New Jersey Common Pension Fund D Grows Holdings in H World Group Limited Sponsored ADR $HTHT

State of New Jersey Common Pension Fund D lifted its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,104 shares of the company’s stock after acquiring an additional 26,301 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of H World Group worth $10,994,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group raised its holdings in H World Group by 95.0% in the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock worth $423,574,000 after purchasing an additional 6,082,369 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of H World Group by 43.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock valued at $313,925,000 after buying an additional 2,420,473 shares in the last quarter. WFM ASIA BVI Ltd raised its stake in shares of H World Group by 65.8% during the 2nd quarter. WFM ASIA BVI Ltd now owns 3,035,416 shares of the company’s stock worth $102,961,000 after buying an additional 1,204,300 shares during the period. Serenity Capital Management PTE. LTD. purchased a new position in shares of H World Group during the 2nd quarter valued at approximately $19,130,000. Finally, Canada Pension Plan Investment Board grew its stake in H World Group by 96.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 921,171 shares of the company’s stock valued at $31,246,000 after acquiring an additional 451,200 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Price Performance

Shares of NASDAQ HTHT opened at $52.53 on Tuesday. The firm has a 50-day simple moving average of $49.29 and a 200-day simple moving average of $42.58. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $16.17 billion, a price-to-earnings 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 52 week low of $30.20 and a 52 week high of $55.25.

Analysts Set New Price Targets

A number of research firms have weighed in on HTHT. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Benchmark lifted 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. Finally, Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, H World Group has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

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.