Korea Investment CORP Has $6.94 Million Stake in H World Group Limited Sponsored ADR $HTHT

Korea Investment CORP reduced its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,401 shares of the company’s stock after selling 11,500 shares during the period. Korea Investment CORP owned approximately 0.06% of H World Group worth $6,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HTHT. Schroder Investment Management Group raised its holdings in H World Group by 95.0% during the second quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock worth $423,574,000 after buying an additional 6,082,369 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of H World Group by 43.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock valued at $313,925,000 after buying an additional 2,420,473 shares during the last quarter. WFM ASIA BVI Ltd increased its position in shares of H World Group by 65.8% during the second quarter. WFM ASIA BVI Ltd now owns 3,035,416 shares of the company’s stock worth $102,961,000 after acquiring an additional 1,204,300 shares in the last quarter. Generation Investment Management LLP raised its holdings in shares of H World Group by 0.3% in the 3rd quarter. Generation Investment Management LLP now owns 1,492,241 shares of the company’s stock worth $58,362,000 after acquiring an additional 4,428 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of H World Group by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 1,157,049 shares of the company’s stock worth $39,247,000 after acquiring an additional 60,323 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

H World Group Trading Down 1.7%

NASDAQ:HTHT opened at $51.19 on Friday. H World Group Limited Sponsored ADR has a 52 week low of $30.20 and a 52 week high of $56.63. The firm has a 50-day moving average price of $51.19 and a two-hundred day moving average price of $45.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.11.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HTHT shares. Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. UBS Group upgraded H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a report on Monday. Benchmark lifted their target price on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.13.

H World Group Company 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.