H World Group Limited Sponsored ADR $HTHT Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,392,185 shares of the company’s stock after buying an additional 139,300 shares during the quarter. Renaissance Technologies LLC’s holdings in H World Group were worth $70,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Capital International Investors boosted its holdings in H World Group by 71.8% in the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock valued at $392,143,000 after acquiring an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in shares of H World Group by 49.6% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock worth $174,263,000 after purchasing an additional 1,228,617 shares during the period. Geode Capital Management LLC raised its holdings in shares of H World Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,334,737 shares of the company’s stock worth $62,241,000 after purchasing an additional 22,129 shares during the period. Hsbc Holdings PLC lifted its stake in shares of H World Group by 44.7% in the 4th quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock valued at $55,644,000 after purchasing an additional 365,659 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of H World Group by 359.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock valued at $44,495,000 after purchasing an additional 889,869 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

NASDAQ HTHT opened at $40.47 on Monday. The stock has a market cap of $12.45 billion, a P/E ratio of 18.15, a PEG ratio of 1.13 and a beta of 0.13. The company’s fifty day simple moving average is $43.13 and its 200-day simple moving average is $48.30. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. H World Group Limited Sponsored ADR has a 52 week low of $30.41 and a 52 week high of $56.63.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.20.

About H World Group

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.