Top 5 Chinese Companies on NASDAQ

4. Huazhu Group Limited (NASDAQ:HTHT)

Number of Hedge Fund Holders: 27

Huazhu Group Limited (NASDAQ:HTHT) is a Chinese fast-growing multi-brand hotel group that operates 6,187 properties spread across 16 countries as of June 30, 2020. The company has been ranked number seven in the hotel group.

On June 1, Fawne Jiang at Benchmark gave Huazhu Group Limited (NASDAQ:HTHT) a price target of $40 and maintained a Buy rating on the stock despite the company reporting mixed Q1 2022 results and expecting Q2 to be difficult. All these developments have already been factored into the stock price. In a note issued to investors, Jiang acknowledged that Huazhu Group Limited (NASDAQ:HTHT) is facing near-term headwinds due to COVID-19-related disruptions. However, in his opinion, the company has the potential to become a leader in the hotel industry and a consolidator once the COVID-19-related concerns are addressed.

Huazhu Group Limited (NASDAQ:HTHT) was held by 27 hedge funds as of Q1 2022.