5 Chinese Stocks Billionaires Are Loading Up On

4. H World Group Limited (NASDAQ:HTHT)

Number of Hedge Fund Holders: 33

No. of Billionaire Investors: 13

H World Group Limited (NASDAQ:HTHT) focuses on the development of hotels in China. The company operates a variety of hotel properties through leasing, ownership, management, and franchise arrangements. On May 29, H World Group Limited (NASDAQ:HTHT) reported a Q1 non-GAAP EPADS of $0.45 and a revenue of $652 million, up 67.1% year-over-year. H World Group Limited (NASDAQ:HTHT) anticipates a significant increase in revenue growth of between 51% and 55% for the second quarter of 2023, as compared to the same period in 2022. The company is among the preferred choices of Chinese stocks for billionaires.

On March 28, Fawne Jiang, an analyst at Benchmark, increased the price target for H World Group Limited (NASDAQ:HTHT) from $45 to $64 and maintained a Buy rating on the company’s shares. The analyst mentioned that the company’s fourth-quarter results were in line with expectations, and the first-quarter guidance is optimistic. The firm attributed the company’s improved performance to effective cost control measures, resulting in a leaner and more efficient operation, which is expected to contribute to higher earnings growth. The firm remains confident in H World Group Limited (NASDAQ:HTHT)’s position as a market leader and consolidator in China’s hotel industry.

According to Insider Monkey’s first quarter database, 33 hedge funds were long H World Group Limited (NASDAQ:HTHT), compared to 35 funds in the prior quarter.