HTHT H World Group Limited - American Depositary Shares

NASDAQ · Hotels, Restaurants & Leisure
$47.94
Price · Aug 19, 2026
52W Range
$33–$57
63% of range
Analyst Rating
BUY
21 analysts
Price Target
$60
+25% upside
P/E (TTM)
—
ROE
—
Net Profit Margin
—

About H World Group Limited - American Depositary Shares Company overview from Wikipedia

H World Group Limited, formerly Huazhu Hotels Group in English, is a hotel management company in China. In 2010, H World Group was listed on Nasdaq; in September 2020, H World Group achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange. In January 2023, H World was listed in the Hurun China 500 Most Valuable Private Companies 2022 and ranked No. 126. Its headquarters are in Jiading District, Shanghai.

Read more

H World Group Limited (simplified Chinese: 华住酒店集团; traditional Chinese: 華住酒店集團; pinyin: Huázhù Jiǔdiàn Jítuán), formerly Huazhu Hotels Group in English, is a hotel management company in China. In 2010, H World Group was listed on Nasdaq; in September 2020, H World Group achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange. In January 2023, H World was listed in the Hurun China 500 Most Valuable Private Companies 2022 and ranked No. 126. Its headquarters are in Jiading District, Shanghai.

As of September 2025, H World operates 12,702 hotels with 1,246,240 rooms globally, making it one of the world's largest hotel chains.

History

In August 2005, the first HanTing Hotel was built. The first hotel of the group was opened by Kunshan Railway Station for a trial operation in August 2005. Ji Qi (Chinese: 季琦; pinyin: Jì Qí), the founder, stated that he got the idea to start the chain by reading a book discussing Accor.

In January 2010, the first JI Hotel was built. In March 2010, HanTing Hotel Group, Inc. went public on the New York Stock Exchange. In November 2012, the group's Chinese name was renamed to Huazhu Hotels Group.

In December 2014, signed a long-term strategic alliance agreement with Accor in France, which was finalized in January 2016. In May 2015, former president Jenny Zhang was appointed chief executive officer. In February 2017, the company wholly acquired Orange Crystal Hotel Group, which owns the brands Orange Crystal Hotel and Orange Hotel. In April 2017, the company opened the first Manxin Hotel.

In August 2018, Huazhu Hotels Group announced the completion of its strategic acquisition of the Chinese boutique resort hotel brand, Blossom. In October 2019, the first overseas directly managed shop of JI Hotel was officially opened in Singapore's historic Orchard Road shopping district, as the first overseas hotel of Huazhu Hotels Group. In November 2019, the company announced that one of their subsidiaries purchased Deutsche Hospitality for 700 million euros.

In January 2020, the company completed the acquisition of all equity interest in Deutsche Hospitality, whose hotel brands include Steigenberger, Steigenberger Icons, MAXX by Steigenberger, IntercityHotel and Zleep Hotels. In September 2020, the company achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange under the ticker symbol 1179.HK.

In March 2021, Huazhu and Sunac Cultural and Tourism established a joint venture - Yongle Huazhu Hotel Management Company Limited - to jointly develop the high-end hotel business. In September 2022, the company changed its name to H World Group Limited, or H World.

Corporate affairs

Structure

The group is composed of brands like HanTing Hotel, JI Hotel, Orange Hotel, Hi Inn Hotel, Joya Hotel, Blossom House, Madison International Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, CitiGO Hotel, Starway Hotel, NiHao Hotel, CJIA Apartment and Suisse Place.

Under franchise agreements with Accor, 300 economy and middle-scale hotels have opened in China, mainly under the Ibis, Novotel, and Mercure brands.

China Lodging Holding Singapore, a wholly owned subsidiary of Huazhu Hotels Group, also acquired 100% equity interest in Deutsche Hospitality, which has since been rebranded to H World International and operates brands such as Steigenberger and IntercityHotel.

=== Financial results ===

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

HTHT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$47.94
Market Cap
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ROE
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52W Range
$33 – $57

HTHT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

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Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

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Profitability Gross, operating and net margins; ROE, ROA, ROIC

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Financial Health Debt, liquidity, solvency — balance sheet strength

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Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

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Dividends Yield, payout ratio, dividend history, 5Y CAGR

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Ex-dateAmount
May 4, 2026$1.3000
Sept. 9, 2025$0.8100
April 9, 2025$0.9700
Aug. 14, 2024$0.6300
Dec. 20, 2023$0.9300
March 23, 2022$0.2100
Jan. 9, 2020$0.3400
Dec. 31, 2018$0.3400
Dec. 1, 2017$0.1600
Dec. 28, 2015$0.1700

HTHT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 21 analysts
  • Strong Buy 7 33.3%
  • Buy 13 61.9%
  • Hold 1 4.8%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

17 analysts · 2026-08-19
Median target $60.75 +26.7%
Mean target $59.70 +24.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.63%
Period EPS Actual EPS Est Surprise
June 30, 2026 $5.26 $0.56 4.7%
March 31, 2026 $0.34 $0.34 -0.00%
Dec. 31, 2025 $0.37 $0.37 -0.00%
Sept. 30, 2025 $0.46 $0.50 -0.04%
June 30, 2025 $0.33 $0.41 -0.08%
March 31, 2025 $0.37 $0.37 -0.00%
Dec. 31, 2024 $0.02 $0.17 -0.15%

HTHT AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.65
↑ Bullish

I see the strongest bull case for HTHT as China tourism fully rebounding in 2026, unlocking the company's high-margin hotel network for explosive growth. ROE has climbed to 34%, meaning H World converts shareholder equity into profits far better than typical hospitality peers as rooms fill up. Net margin expanded to 16%, proving pricing power in a demand surge that outpaces costs. EPS doubled to $1.22 over the past year, fueling potential re-rating toward 30x P/E if travel volumes sustain.

↓ Bearish

My strongest bear case is China's economic slowdown squeezing travel budgets, exposing HTHT's leveraged balance sheet to distress. Debt-to-equity rose to 83, signaling heavy borrowing that amplifies any revenue dip into profit erosion. Current ratio sits at 0.85 below 1.0, highlighting liquidity risks that could force asset sales or dilution in a crunch. Shares have slid 12% from May highs around $38, mirroring ETF outflows as noted on April 7.

Claude NEUTRAL 0.62
↑ Bullish

H World is printing cash and rewarding shareholders at a scale most hospitality operators cannot match. The 33.9% ROE tells you this business converts equity into profit with remarkable efficiency — that kind of return is rare outside tech and finance, and it signals pricing power in a consolidating Chinese hotel market. Net margins expanded to 15.95% from 13.67% a year ago, and EPS grew 22.7% year-over-year to $1.22. At 25 times trailing earnings, the valuation is not cheap, but it reflects a business that has proven it can sustain high returns through cycles.

↓ Bearish

The balance sheet is a red flag I cannot ignore. Debt-to-equity sits at 83%, up from 79% last year, and the current ratio of 0.85 means H World has less than 85 cents in liquid assets for every dollar of near-term obligations — that is below the safety line. The stock has drifted sideways for three months despite earnings growth, suggesting the market is pricing in either margin compression ahead or skepticism about debt sustainability. If Chinese travel demand softens or refinancing costs spike, this leverage becomes a liability fast.

Gemini NEUTRAL 0.70
↑ Bullish

H World Group is demonstrating exceptional operational efficiency that allows them to scale profitably in a competitive market. The company is generating a 33.88% return on equity. This tells me that management is highly effective at deploying shareholder capital to generate actual profit growth. Their net profit margin of 15.95% further confirms this, showing that they are successfully converting a significant portion of their revenue into bottom-line earnings. With a gross margin of 67.2%, they clearly possess the pricing power necessary to defend their market share against domestic competitors in the hotel space.

↓ Bearish

The company is carrying a concerning amount of leverage that could become a major liability if growth slows down. Their debt-to-equity ratio stands at 82.96. This means the company is relying heavily on borrowed money to fuel its expansion, which increases risk in a volatile economic environment. Furthermore, their current ratio of 0.8482 suggests they have less than a dollar of liquid assets for every dollar of short-term debt. This indicates a tightening liquidity position that leaves very little room for error if they face a sudden downturn in travel demand.

Chatgpt NEUTRAL 0.58
↑ Bullish

HTHT's bull case rests on capital efficiency and earnings power. ROE TTM: 33.88%. That means the company turns about 0.34 of every dollar of equity into profit, signaling strong capital efficiency. Net profit margin TTM: 15.95%. This shows HTHT keeps a solid slice of revenue as profit, supporting reinvestment as occupancy grows. P/E TTM: 25.05%. Investors are pricing in continued earnings growth, which could support further upside if demand holds.

↓ Bearish

HTHT has meaningful liquidity and leverage risks that could cap upside. Current ratio 0.8482. A ratio below 1 signals potential short-term funding stress if demand weakens. Debt/Equity 82.96. High leverage amplifies earnings volatility and raises financial risk in a cyclical hospitality market. P/E TTM: 25.05. A high multiple leaves less cushion if growth slows and sentiment turns negative, as suggested by an ETF outflow signal on 2026-04-07.

Round 2 — Responses & Rebuttals

Grok

Gemini, your bearish take flags a tightening liquidity position, but the current ratio has held flat at 0.8482 over the last two quarters. That consistency means H World covers its short-term bills without added strain, even as it expands. The bigger issue remains the debt-to-equity ratio climbing to 83, which amplifies risks if China's travel boom falters and refinancing gets pricier.

Claude

I need to push back on ChatGPT's read of that ROE number. ChatGPT said the company turns 0.34 of every dollar of equity into profit — that's the definition, but it misses what's actually happening here. A 33.88% ROE paired with an 82.96% debt-to-equity ratio tells me H World is amplifying returns through leverage, not pure operational excellence. Strip out the debt effect and the underlying return on assets is probably half that. That matters because when rates rise or travel softens, that leverage flips from return-amplifier to risk-multiplier fast. The ROE looks impressive until you see it's partly financial engineering.

Gemini

Claude, your point about the balance sheet being a red flag is spot on, but I think you’re underestimating how the current liquidity crunch specifically threatens their expansion strategy. With a current ratio of 0.8482, the company is effectively operating with no safety margin for their short-term obligations. This means that for every dollar of debt coming due, they have less than 85 cents in liquid assets to cover it. In a high-leverage environment, this lack of breathing room forces management to prioritize debt service over the reinvestment needed to maintain that impressive ROE.

Chatgpt

Claude, your point about ROE is instructive, but the 33.9% ROE can be inflated by leverage rather than pure operating strength. That means HTHT profits may hinge on debt-based gains more than sustainable demand, so a slowdown could hit earnings harder. The liquidity cushion matters here, and a tightening funding environment could compress the stock's multiple if investors sour on risk. I'll watch how cash generation evolves to backstop this leverage.

Round 3 — Final Rebuttals

G
Grok

Claude, I have to challenge your speculation that HTHT's return on assets is probably half the ROE due to leverage. ROE climbed to 33.9% from 27.7% a year ago, while debt-to-equity rose only modestly to 83 from 79. That outperformance points to genuine operational gains like net margins expanding to 16%, not just debt amplification. Without actual ROA figures, we risk overstating the leverage effect and underplaying the business momentum in China's hotel recovery.

C
Claude

I want to push back on Grok's claim that the current ratio holding flat at 0.8482 means H World is covering its short-term bills without added strain. That's backwards. A current ratio below 1.0 is inherently strained — it means the company has structural short-term liquidity pressure, not temporary. The fact that it hasn't *worsened* doesn't make it safe; it means H World is stuck in a perpetual position where it needs to roll debt or rely on operating cash flow just to stay current. What matters for 2026 is whether Chinese travel demand holds strong enough to generate that cash flow. If occupancy rates slip even 5–10% from peak, that operating cash dries up fast, and suddenly that 0.85 ratio becomes a refinancing crisis. Grok, you're confusing stability with safety.

G
Gemini

I want to challenge Grok’s assertion that a flat current ratio of 0.85 indicates stability. A current ratio of 0.85 means the company has less than a dollar of liquid assets to cover every dollar of short-term debt. When you are running a business with 83% debt-to-equity, that ratio isn't 'stable'—it is a structural vulnerability that leaves zero room for error if Chinese consumer spending softens. I am sticking to my hold rating because the macro regime in China remains the primary wildcard; until we see a sustained rebound in domestic travel, this leverage is a ticking clock.

C
Chatgpt

Claude, your claim that HTHT is printing cash at a scale most hospitality operators cannot match is too strong given the balance sheet. Debt/Equity sits near 83%, which means leverage is a big driver of profits here and could amplify losses if demand softens.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $35.00 6M Target $37.50 Reasoning I expect HTHT to grind higher modestly into 2026Q2 as China's domestic travel occupancy data confirms a sustained rebound, outweighing leverage concerns for now. The key catalyst is the Q2 2026 earnings release in late August, where EPS holding above $1.22 would validate margin expansion and trigger a re-rating. The big risk is July 2026 Chinese GDP figures showing consumer spending growth below 5%, exposing the 83% debt-to-equity ratio as a profit killer in a slowdown. At today's 25x P/E on $1.22 EPS, the market is pricing steady 15% growth—fair if rooms fill, but vulnerable to macro slips.
C Claude 3M Target $31.50 6M Target $35.75 Reasoning H World's high ROE masks leverage-driven returns, not operational superiority — the real test is whether Chinese travel demand sustains enough cash flow to service an 83% debt-to-equity ratio without refinancing stress. My 3-month target reflects near-term pressure: the current ratio of 0.85 leaves zero margin for error, and if Q2 occupancy data disappoints, the stock re-rates lower as investors price refinancing risk. The 6-month target assumes China's travel recovery holds and management proves cash generation can cover debt service without dilution — a P/E compression to 22x from 25x as leverage concerns ease. Catalyst: Q2 2026 earnings showing occupancy growth and positive free cash flow. Risk: Chinese GDP growth missing expectations, forcing travel budget cuts that collapse margins fast.
G Gemini 3M Target $35.50 6M Target $38.00 Reasoning My thesis is that HTHT will trade in a tight range until the company proves it can deleverage while maintaining occupancy. The primary catalyst is the 2026Q2 earnings release; if management reports a sustained increase in RevPAR, it will signal that their high-margin model is winning despite the economic headwinds. The major risk is a sudden liquidity crunch triggered by a breach of debt covenants, which would force a sharp sell-off. Currently, the P/E of 25.05 suggests investors are paying a premium for growth, but this valuation is fragile and relies entirely on the company's ability to keep its thin 0.85 current ratio from deteriorating further.
C Chatgpt 3M Target $34.25 6M Target $36.50 Reasoning HTHT can drift higher in the near term if China's travel rebound sustains earnings momentum and leverage remains manageable. Catalyst: the upcoming quarterly print and guidance update that confirms occupancy gains and margin resilience would push the stock higher. Risk: a sharper slowdown in Chinese demand or refinancing costs could erode cash flow and compress the multiple. P/E around 25x implies the market is pricing solid earnings growth; if results hold, there could be a re-rate, otherwise compression.

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Institutional owners (13F) 269 filers · $2.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
33 (-22 vs prior Q) 45 (+19 vs prior Q) 82 (-41 vs prior Q) 109 (+49 vs prior Q) +8.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Capital International Investors $520,207,598 12,469,022 18.01% Shares
M&G PLC $255,841,698 6,091,469 8.86% Shares
Kontiki Capital Management (HK) Ltd. $157,478,732 3,774,658 5.45% Shares
STATE STREET CORP $147,060,288 3,524,935 5.09% Shares
Artisan Partners Limited Partnership $141,821,508 3,399,365 4.91% Shares
ALLIANCEBERNSTEIN L.P. $123,893,488 2,463,581 4.29% Shares
Temasek Holdings (Private) Ltd $96,340,450 2,309,215 3.33% Shares
Capital Research Global Investors $70,655,115 1,693,555 2.45% Shares
Perseverance Asset Management International $63,406,348 1,519,807 2.19% Shares
LAZARD ASSET MANAGEMENT LLC $55,655,231 1,334,018 1.93% Shares
Capital International, Inc./CA/ $51,377,179 1,231,476 1.78% Shares
GENERATION INVESTMENT MANAGEMENT LLP $48,024,643 1,151,118 1.66% Shares
GOLDMAN SACHS GROUP INC $44,049,603 1,055,839 1.52% Shares
GEODE CAPITAL MANAGEMENT, LLC $42,087,001 1,018,662 1.46% Shares
MACKENZIE FINANCIAL CORP $41,355,159 991,255 1.43% Shares
BANK OF AMERICA CORP /DE/ $41,025,154 983,345 1.42% Shares
RENAISSANCE TECHNOLOGIES LLC $37,622,470 901,785 1.30% Shares
Capital World Investors $36,543,466 875,922 1.26% Shares
Qube Research & Technologies Ltd $30,834,000 739,070 1.07% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $29,712,275 712,183 1.03% Shares
True Light Capital Pte. Ltd. $28,024,826 671,736 0.97% Shares
AMERICAN CENTURY COMPANIES INC $27,480,463 658,688 0.95% Shares
MILLENNIUM MANAGEMENT LLC $27,430,274 657,485 0.95% Shares
FMR LLC $26,339,338 631,336 0.91% Shares
INDUS CAPITAL PARTNERS, LLC $25,487,749 610,924 0.88% Shares
Russell Investments Group, Ltd. $24,197,103 559,212 0.84% Shares
CAUSEWAY CAPITAL MANAGEMENT LLC $23,798,632 570,437 0.82% Shares
BNP PARIBAS FINANCIAL MARKETS $23,129,067 554,388 0.80% Shares
FIL Ltd $21,460,059 514,383 0.74% Shares
RV Capital AG $21,419,590 513,413 0.74% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $20,683,816 495,777 0.72% Shares
AustralianSuper Pty Ltd $20,599,459 493,755 0.71% Shares
DIMENSIONAL FUND ADVISORS LP $20,153,305 483,061 0.70% Shares
TWO SIGMA INVESTMENTS, LP $18,989,442 455,164 0.66% Shares
CITADEL ADVISORS LLC $18,272,943 437,990 0.63% Shares
BARCLAYS PLC $18,211,072 436,507 0.63% Shares
Sumitomo Mitsui Trust Group, Inc. $17,853,782 427,943 0.62% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $17,264,320 413,814 0.60% Shares
VANGUARD GROUP INC $17,074,821 362,908 0.59% Shares
State of New Jersey Common Pension Fund D $15,972,502 382,850 0.55% Shares
PANAGORA ASSET MANAGEMENT INC $15,200,682 364,350 0.53% Shares
Swiss National Bank $14,856,867 356,109 0.51% Shares
INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV $14,134,100 430,000 0.49% Shares
VANGUARD ASSET MANAGEMENT, Ltd $13,527,877 324,254 0.47% Shares
Yiheng Capital Management, L.P. $13,491,038 323,371 0.47% Shares
Greenwoods Asset Management Hong Kong Ltd. $13,415,984 321,572 0.46% Shares
W1M Asset Management Ltd $13,115,029 314,396 0.45% Shares
HSBC HOLDINGS PLC $12,696,230 304,320 0.44% Shares
Triata Capital Ltd $11,904,301 285,338 0.41% Shares
SERENITY CAPITAL MANAGEMENT PTE. LTD. $10,791,629 258,668 0.37% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $10,635,221 254,919 0.37% Shares
USS Investment Management Ltd $10,271,234 246,224 0.36% Shares
Korea Investment CORP $9,232,678 221,301 0.32% Shares
W1M Investment Management Ltd $9,120,342 233,227 0.32% Shares
Pictet Asset Management Holding SA $8,880,603 212,862 0.31% Shares
ROYAL LONDON ASSET MANAGEMENT LTD $8,866,334 212,520 0.31% Shares
SOUTHEASTERN ASSET MANAGEMENT INC/TN/ $8,581,053 205,682 0.30% Shares
Rovida Investment Management Ltd $8,342,000 200,000 0.29% Shares
AIA Group Ltd $7,730,883 185,304 0.27% Shares
Man Group plc $7,485,653 179,426 0.26% Shares
BARINGS LLC $6,905,995 165,532 0.24% Shares
Allianz Asset Management GmbH $6,674,640 132,723 0.23% Shares
NORTHERN TRUST CORP $6,148,193 147,368 0.21% Shares
AVIVA PLC $6,066,839 145,418 0.21% Shares
RENAISSANCE GROUP LLC $6,003,346 143,896 0.21% Shares
SEB Asset Management AB $6,001,832 143,860 0.21% Shares
BlackRock, Inc. $5,250,921 125,861 0.18% Shares
PLATINUM INVESTMENT MANAGEMENT LTD $4,922,793 117,996 0.17% Shares
NORDEA INVESTMENT MANAGEMENT AB $4,855,074 115,597 0.17% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $4,697,672 112,600 0.16% Call option
STOREBRAND ASSET MANAGEMENT AS $4,609,768 110,493 0.16% Shares
National Pension Service $4,287,731 102,774 0.15% Shares
Caisse de depot et placement du Quebec $4,133,409 99,075 0.14% Shares
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp $3,049,732 73,100 0.11% Shares
E Fund Management (Hong Kong) Co., Ltd. $3,044,058 72,964 0.11% Shares
E Fund Management Co., Ltd. $3,044,058 72,964 0.11% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $3,004,049 72,005 0.10% Shares
Swedbank AB $2,985,859 71,569 0.10% Shares
PRUDENTIAL PLC $2,781,139 66,662 0.10% Shares
Public Sector Pension Investment Board $2,776,591 66,553 0.10% Shares
DANSKE BANK A/S $2,750,683 65,932 0.10% Shares
Swiss Life Asset Management Ltd $2,733,244 65,514 0.09% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $2,697,656 53,642 0.09% Shares
GOLDMAN SACHS GROUP INC $2,482,340 59,500 0.09% Call option
VAN ECK ASSOCIATES CORP $2,414,587 57,876 0.08% Shares
KLP KAPITALFORVALTNING AS $2,340,492 56,100 0.08% Shares
CITADEL ADVISORS LLC $2,277,912 54,600 0.08% Call option
JUPITER ASSET MANAGEMENT LTD $2,266,856 54,335 0.08% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $2,228,182 53,408 0.08% Shares
RHUMBLINE ADVISERS $2,141,479 51,330 0.07% Shares
XTX Topco Ltd $2,027,926 48,608 0.07% Shares
Aberdeen Group plc $1,969,434 47,206 0.07% Shares
Engineers Gate Manager LP $1,939,688 46,493 0.07% Shares
Quantinno Capital Management LP $1,907,918 45,731 0.07% Shares
Invesco Ltd. $1,905,102 45,664 0.07% Shares
Eurizon Capital SGR S.p.A. $1,842,355 44,160 0.06% Shares
Resona Asset Management Co.,Ltd. $1,822,427 43,419 0.06% Shares
Bank of New York Mellon Corp $1,709,978 40,987 0.06% Shares
CAPITAL INTERNATIONAL SARL $1,685,989 40,412 0.06% Shares
Ninety One UK Ltd $1,677,395 40,206 0.06% Shares

Company insiders 8 insiders · 1 officers · 7 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Hui Jin Chief Executive Officer May 31, 2026 M 7,021,650 0 0 $0
Yi Zhang Director Aug. 15, 2026 M 65,620 0 0 $0
Justin Martin Leverenz Director Aug. 15, 2026 M 164,050 0 0 $0
John Jiong Wu Director Aug. 15, 2026 M 9,849,710 0 0 $0
Theng Fong Hee Director July 20, 2026 M 31,640 0 1 $-1,612,374
Lei Cao Director June 28, 2026 M 113,220 0 0 $0
Qi Ji Director May 31, 2026 M 16,535,620 0 0 $0
Jie Zheng Director May 15, 2026 M 373,090 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 5 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
TONG TONG ZHAO, EAST LEADER INTERNATIONAL LIMITED, PERFECT WILL HOLDINGS LIMITED Oct. 20, 2025 8.50% Amendment — SEC
Qi Ji, Winner Crown Holdings Limited ×4 filings Oct. 20, 2025 23.30% Amendment — SEC
Sherman Holdings Limited, Credit Suisse Trust Limited as the resigning trustee of the Ji Family Trust, Butterfield Trust (Asia) Limited as the newly appointed trustee of the Ji Family Trust ×2 filings July 6, 2023 — Initial filing — SEC
Accor, AAPC Hong Kong Limited ×4 filings Feb. 19, 2021 — Initial filing — SEC
Ctrip.com International, Ltd. ×2 filings March 30, 2017 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 36 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PGJ · Invesco Exchange-Traded Fund Trust 3.63% 84,622 SH Aug. 8, 2026 Daily
CHIQ · Global X Funds 2.39% 68,732 NS April 30, 2026 N-PORT
IGGY · AB Active ETFs, Inc. 2.12% 2,027 NS May 31, 2026 N-PORT
ABLG · Abacus FCF ETF Trust 1.69% 6,000 NS April 30, 2026 N-PORT
JADE · J.P. Morgan Exchange-Traded Fund Tr… 1.26% 7,153 NS April 30, 2026 N-PORT
JIG · J.P. Morgan Exchange-Traded Fund Tr… 0.81% 67,490 NS April 30, 2026 N-PORT
FFEM · Fidelity Covington Trust 0.57% 4,382 NS April 30, 2026 N-PORT
CGIC · Capital Group International Core Eq… 0.45% 185,026 NS May 31, 2026 N-PORT
BRIE · MFS Active Exchange Traded Funds Tr… 0.44% 30,513 NS May 31, 2026 N-PORT
CGNG · Capital Group New Geography Equity … 0.34% 179,823 NS May 31, 2026 N-PORT
MCHI · iShares Trust 0.31% 448,234 SH Aug. 8, 2026 Daily
QQQJ · Invesco Exchange-Traded Fund Trust … 0.28% 77,870 SH Aug. 8, 2026 Daily
AVSE · AMERICAN CENTURY ETF TRUST 0.19% 8,867 NS May 31, 2026 N-PORT
BKF · iShares, Inc. 0.17% 3,181 SH Aug. 8, 2026 Daily
LDEM · iShares Trust 0.17% 1,317 SH Aug. 8, 2026 Daily
FFGX · Fidelity Covington Trust 0.16% 1,221 NS April 30, 2026 N-PORT
EEMA · iShares, Inc. 0.11% 21,600 SH Aug. 8, 2026 Daily
SPWO · SP Funds Trust 0.10% 3,055 NS April 30, 2026 N-PORT
APIE · Trust for Professional Managers 0.10% 23,386 NS May 31, 2026 N-PORT
AVEM · AMERICAN CENTURY ETF TRUST 0.08% 462,925 NS May 31, 2026 N-PORT
AAXJ · iShares Trust 0.07% 65,198 SH Aug. 8, 2026 Daily
EEM · iShares, Inc. 0.07% 461,678 SH Aug. 8, 2026 Daily
IEMG · iShares, Inc. 0.06% 2,262,006 SH Aug. 8, 2026 Daily
GSEE · Goldman Sachs ETF Trust 0.06% 2,005 NS May 31, 2026 N-PORT
DBEM · DBX ETF Trust 0.06% 1,419 NS May 29, 2026 N-PORT
EMCR · DBX ETF Trust 0.06% 747 NS May 29, 2026 N-PORT
DBAW · DBX ETF Trust 0.03% 1,549 NS May 29, 2026 N-PORT
GXUS · Goldman Sachs ETF Trust II 0.02% 3,160 NS May 29, 2026 N-PORT
ACWX · iShares Trust 0.02% 60,650 SH Aug. 8, 2026 Daily
CRBN · iShares Trust 0.02% 5,426 SH Aug. 8, 2026 Daily
IXUS · iShares Trust 0.02% 273,210 SH Aug. 8, 2026 Daily
ONEQ · Fidelity Commonwealth Trust 0.01% 36,058 NS May 31, 2026 N-PORT
DFAX · Dimensional ETF Trust 0.01% 22,000 NS April 30, 2026 N-PORT
DFSE · Dimensional ETF Trust 0.01% 1,012 NS April 30, 2026 N-PORT
ACWI · iShares Trust 0.01% 67,138 SH Aug. 8, 2026 Daily
DFAE · Dimensional ETF Trust 0.01% 12,890 NS April 30, 2026 N-PORT