Bank of New York Mellon Corp Has $8.17 Million Stock Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Bank of New York Mellon Corp boosted its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 220,697 shares of the company’s stock after buying an additional 17,279 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.07% of H World Group worth $8,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HTHT. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of H World Group by 4,554.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company’s stock valued at $432,453,000 after acquiring an additional 11,433,692 shares during the period. Capital Research Global Investors acquired a new position in shares of H World Group during the 4th quarter worth $307,715,000. Temasek Holdings Private Ltd raised its holdings in shares of H World Group by 87.2% during the 4th quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company’s stock worth $136,002,000 after buying an additional 1,917,528 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in H World Group by 625.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company’s stock worth $70,578,000 after purchasing an additional 1,842,244 shares in the last quarter. Finally, Capital International Investors increased its holdings in H World Group by 18.4% in the 4th quarter. Capital International Investors now owns 9,334,577 shares of the company’s stock worth $308,321,000 after purchasing an additional 1,452,364 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HTHT. Morgan Stanley reiterated an “overweight” rating on shares of H World Group in a report on Monday, March 31st. JPMorgan Chase & Co. dropped their price objective on H World Group from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and three have assigned 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

Shares of NASDAQ:HTHT opened at $33.76 on Wednesday. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.24 and a beta of 0.46. H World Group Limited Sponsored ADR has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $34.56 and a 200 day moving average of $34.63.

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.