Perseverance Asset Management International Has $243.36 Million Holdings in H World Group Limited Sponsored ADR $HTHT

Perseverance Asset Management International reduced its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 5,172,370 shares of the company’s stock after selling 28,813 shares during the quarter. H World Group makes up about 35.7% of Perseverance Asset Management International’s portfolio, making the stock its biggest position. Perseverance Asset Management International’s holdings in H World Group were worth $243,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HTHT. TD Private Client Wealth LLC bought a new position in shares of H World Group in the 4th quarter valued at about $45,000. EverSource Wealth Advisors LLC lifted its holdings in shares of H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after acquiring an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group in the 3rd quarter valued at about $66,000. Osaic Holdings Inc. lifted its holdings in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after acquiring an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its holdings in shares of H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HTHT shares. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a report on Monday, March 9th. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Benchmark lifted their price objective on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.20.

Insider Buying and Selling at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 49.40% of the stock is owned by insiders.

H World Group Stock Performance

H World Group stock opened at $44.92 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50 day moving average price of $48.77 and a 200-day moving average price of $49.51. The company has a market capitalization of $13.81 billion, a PE ratio of 20.14, a P/E/G ratio of 1.23 and a beta of 0.11. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $932.62 million during the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%. As a group, equities analysts forecast that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current year.

H World Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were issued a $1.30 dividend. This represents a dividend yield of 542.0%. The ex-dividend date was Monday, May 4th. H World Group’s payout ratio is presently 114.80%.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.