H World Group Limited Sponsored ADR (NASDAQ:HTHT) Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 51.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,316 shares of the company’s stock after buying an additional 4,870 shares during the period. Envestnet Asset Management Inc.’s holdings in H World Group were worth $530,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in H World Group by 4,554.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company’s stock worth $432,453,000 after buying an additional 11,433,692 shares in the last quarter. Capital International Investors boosted its stake 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 during the period. Capital Research Global Investors acquired a new position in H World Group in the 4th quarter worth approximately $307,715,000. Temasek Holdings Private Ltd boosted its stake in H World Group by 87.2% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company’s stock worth $136,002,000 after purchasing an additional 1,917,528 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake 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 during the period. 46.41% of the stock is currently owned by institutional investors.

H World Group Trading Down 1.9%

H World Group stock opened at $30.48 on Wednesday. The company has a 50 day moving average price of $33.69 and a 200 day moving average price of $34.69. H World Group Limited Sponsored ADR has a 52 week low of $27.36 and a 52 week high of $42.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.17 and a beta of 0.47.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.80.

About H World Group

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.