H World Group Limited Sponsored ADR (NASDAQ:HTHT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 20.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,443 shares of the company’s stock after selling 7,245 shares during the period. Rhumbline Advisers’ holdings in H World Group were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. purchased a new position in H World Group during the fourth quarter valued at approximately $33,000. US Bancorp DE increased its position in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock worth $160,000 after acquiring an additional 845 shares during the period. Confluence Investment Management LLC bought a new position in H World Group during the first quarter valued at about $209,000. iA Global Asset Management Inc. bought a new position in H World Group in the fourth quarter worth $196,000. Finally, Mariner LLC grew its stake in shares of H World Group by 33.8% in the 4th quarter. Mariner LLC now owns 8,120 shares of the company’s stock valued at $268,000 after purchasing an additional 2,050 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on HTHT shares. JPMorgan Chase & Co. decreased their price objective on shares of H World Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.80.

H World Group Stock Performance

HTHT opened at $33.32 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 1.23 and a beta of 0.48. The business’s 50-day moving average price is $35.31 and its two-hundred day moving average price is $34.59. H World Group Limited Sponsored ADR has a 1 year low of $27.03 and a 1 year high of $42.98.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.