Hsbc Holdings PLC Buys 365,659 Shares of H World Group Limited Sponsored ADR $HTHT

Hsbc Holdings PLC grew its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 44.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,183,612 shares of the company’s stock after purchasing an additional 365,659 shares during the quarter. Hsbc Holdings PLC’s holdings in H World Group were worth $55,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HTHT. TD Private Client Wealth LLC bought a new position in shares of H World Group during the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC boosted its stake in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in H World Group in the 3rd quarter valued at $66,000. Osaic Holdings Inc. grew its holdings in H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after buying an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its position in H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after buying an additional 277 shares during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of NASDAQ HTHT opened at $42.41 on Tuesday. The stock has a market capitalization of $13.04 billion, a PE ratio of 19.02, a P/E/G ratio of 1.17 and a beta of 0.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $47.51 and a two-hundred day moving average price of $49.36. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63.

H World Group (NASDAQ:HTHT) last released its earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%.The company had revenue of $932.62 million for the quarter. As a group, equities analysts predict that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HTHT shares. Weiss Ratings downgraded H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Benchmark raised their price target on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Finally, UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, H World Group has an average rating of “Moderate Buy” and an average target price 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.