Korea Investment CORP Reduces Stake in H World Group Limited Sponsored ADR $HTHT

Korea Investment CORP reduced its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 6.1% in the third quarter, Holdings Channel reports. The fund owned 177,401 shares of the company’s stock after selling 11,500 shares during the quarter. Korea Investment CORP’s holdings in H World Group were worth $6,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 649 shares during the period. PNC Financial Services Group Inc. grew its holdings in H World Group by 82.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after purchasing an additional 968 shares during the period. Osaic Holdings Inc. increased its position in H World Group by 889.5% in 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 during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of H World Group by 1,307.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock valued at $92,000 after buying an additional 2,523 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of H World Group in the second quarter valued at $174,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 1.7%

Shares of NASDAQ HTHT opened at $51.19 on Friday. 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 company has a market cap of $15.76 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.17 and a beta of 0.11. H World Group Limited Sponsored ADR has a 52 week low of $30.20 and a 52 week high of $56.63. The business has a 50-day simple moving average of $51.19 and a two-hundred day simple moving average of $45.00.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. UBS Group upgraded H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a research note on Monday. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Benchmark boosted their price target on shares of H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, H World Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.13.

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.