Temasek Holdings Private Ltd Sells 1,325,331 Shares of H World Group Limited Sponsored ADR $HTHT

Temasek Holdings Private Ltd trimmed its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 21.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,915,379 shares of the company’s stock after selling 1,325,331 shares during the period. Temasek Holdings Private Ltd’s holdings in H World Group were worth $192,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HTHT. Serenity Capital Management PTE. LTD. increased its holdings in shares of H World Group by 126.0% during the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 1,274,391 shares of the company’s stock worth $49,841,000 after acquiring an additional 710,431 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in H World Group by 17.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,049,882 shares of the company’s stock valued at $41,061,000 after purchasing an additional 158,839 shares during the last quarter. Sei Investments Co. boosted its position in H World Group by 49.2% during the third quarter. Sei Investments Co. now owns 38,221 shares of the company’s stock worth $1,495,000 after purchasing an additional 12,605 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of H World Group by 7.7% in the third quarter. BNP Paribas Financial Markets now owns 621,423 shares of the company’s stock valued at $24,304,000 after purchasing an additional 44,268 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of H World Group by 17.8% in the third quarter. Mackenzie Financial Corp now owns 157,831 shares of the company’s stock valued at $6,173,000 after purchasing an additional 23,822 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Down 1.3%

HTHT stock opened at $50.52 on Friday. H World Group Limited Sponsored ADR has a fifty-two week low of $30.20 and a fifty-two week high of $56.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.15 and a beta of 0.11. The business’s fifty day moving average price is $51.24 and its two-hundred day moving average price is $45.11.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HTHT. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price for the company in a research note on Monday, March 9th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Benchmark boosted their price objective on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.13.

H World Group 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.