Bank of New York Mellon Corp Acquires 6,477 Shares of H World Group Limited (NASDAQ:HTHT)

Bank of New York Mellon Corp lifted its stake in H World Group Limited (NASDAQ:HTHT) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,418 shares of the company’s stock after purchasing an additional 6,477 shares during the period. Bank of New York Mellon Corp owned 0.06% of H World Group worth $6,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after acquiring an additional 650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake 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 worth $290,000 after acquiring an additional 936 shares during the period. Point72 Hong Kong Ltd bought a new stake in H World Group during the third quarter valued at approximately $418,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in H World Group during the third quarter valued at approximately $450,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of H World Group in the third quarter worth approximately $489,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HTHT has been the subject of a number of recent analyst reports. Benchmark dropped 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 research 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 objective on the stock. in a research 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.68.

H World Group Stock Performance

HTHT stock opened at $37.01 on Monday. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.28 and a beta of 0.70. The firm has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $34.41. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

About H World Group

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.