Daiwa Securities Group Inc. Buys New Stake in H World Group Limited (NASDAQ:HTHT)

Daiwa Securities Group Inc. bought a new stake in shares of H World Group Limited (NASDAQ:HTHT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its position in H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after acquiring an additional 845 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in H World Group during the fourth quarter valued at approximately $1,597,000. Bank of New York Mellon Corp lifted its position in H World Group by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 203,418 shares of the company’s stock valued at $6,719,000 after acquiring an additional 6,477 shares during the last quarter. Waverton Investment Management Ltd purchased a new stake in H World Group during the fourth quarter valued at approximately $6,076,000. Finally, Handelsbanken Fonder AB lifted its position in H World Group by 3.8% during the fourth quarter. Handelsbanken Fonder AB now owns 69,576 shares of the company’s stock valued at $2,298,000 after acquiring an additional 2,572 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

HTHT has been the subject of a number of research analyst reports. Benchmark decreased their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. HSBC cut 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 report on Wednesday, February 5th. Finally, Hsbc Global Res cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.68.

H World Group Stock Up 3.1 %

NASDAQ:HTHT opened at $38.16 on Tuesday. The firm has a market capitalization of $11.96 billion, a P/E ratio of 23.13, a PEG ratio of 1.28 and a beta of 0.70. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The company’s fifty day moving average price is $34.12 and its 200-day moving average price is $34.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

H World Group 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.