5,941 Shares in H World Group Limited (NASDAQ:HTHT) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in shares of H World Group Limited (NASDAQ:HTHT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,941 shares of the company’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after acquiring an additional 650 shares during the period. Rhumbline Advisers raised its position in shares of H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock valued at $1,146,000 after buying an additional 791 shares in the last quarter. US Bancorp DE raised its position in shares of H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after buying an additional 845 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after buying an additional 936 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of H World Group in the fourth quarter valued at approximately $33,000. Institutional investors own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. HSBC downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a research report on Wednesday, February 5th. Finally, Benchmark lowered their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, H World Group currently has an average rating of “Moderate Buy” and an average price target of $44.68.

H World Group Stock Down 0.3 %

Shares of HTHT opened at $37.60 on Friday. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The company has a market cap of $11.78 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $34.63 and a two-hundred day simple moving average of $34.65.

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.