Pictet Asset Management Holding SA Decreases Holdings in H World Group Limited Sponsored ADR $HTHT

Pictet Asset Management Holding SA decreased its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,362 shares of the company’s stock after selling 24,700 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.08% of H World Group worth $11,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HTHT. Ritholtz Wealth Management purchased a new position in H World Group in the 1st quarter valued at about $342,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in H World Group during the 1st quarter worth approximately $2,093,000. Diversified Trust Co acquired a new position in shares of H World Group during the first quarter valued at approximately $1,675,000. Hsbc Holdings PLC raised its holdings in shares of H World Group by 44.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock valued at $55,644,000 after acquiring an additional 365,659 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of H World Group by 63.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,745 shares of the company’s stock valued at $129,000 after acquiring an additional 1,062 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HTHT. Benchmark lifted their price target on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective for the company in a research note on Monday, March 9th. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Stock Performance

NASDAQ HTHT opened at $42.14 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s fifty day moving average is $45.62 and its two-hundred day moving average is $49.05. The firm has a market capitalization of $12.96 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.13. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63.

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.