Principal Financial Group Inc. Sells 58,459 Shares of H World Group Limited Sponsored ADR $HTHT

Principal Financial Group Inc. decreased its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 22.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,635 shares of the company’s stock after selling 58,459 shares during the period. Principal Financial Group Inc.’s holdings in H World Group were worth $10,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new position in shares of H World Group in the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC increased its position in H World Group by 81.0% during 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 position in H World Group during the 3rd quarter worth approximately $66,000. Osaic Holdings Inc. lifted its position in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after purchasing an additional 2,037 shares during the period. Finally, iA Global Asset Management Inc. lifted its position in shares of H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after purchasing an additional 277 shares during the period. 46.41% of the stock is currently owned by institutional investors.

H World Group Trading Down 0.4%

Shares of HTHT stock opened at $40.47 on Friday. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day simple moving average of $43.13 and a two-hundred day simple moving average of $48.30. The company 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.

Wall Street Analyst Weigh In

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

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.