H World Group Limited Sponsored ADR $HTHT Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 815,955 shares of the company’s stock after buying an additional 12,154 shares during the period. Nordea Investment Management AB’s holdings in H World Group were worth $38,358,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in H World Group by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock worth $1,068,000 after buying an additional 352 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of H World Group by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 33,228 shares of the company’s stock valued at $1,300,000 after acquiring an additional 466 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of H World Group by 81.0% in the second 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 in the last quarter. AQR Capital Management LLC boosted its stake in shares of H World Group by 11.2% in the first quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after acquiring an additional 936 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of H World Group by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock worth $73,000 after acquiring an additional 968 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Stock Down 0.8%

Shares of NASDAQ HTHT opened at $49.75 on Tuesday. The company has a market capitalization of $15.32 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.09 and a beta of 0.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day simple moving average of $51.32 and a 200-day simple moving average of $45.82. H World Group Limited Sponsored ADR has a 1 year low of $30.20 and a 1 year high of $56.63.

H World Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be given a $1.30 dividend. This represents a yield of 518.0%. The ex-dividend date is Monday, May 4th. H World Group’s dividend payout ratio is presently 70.22%.

Analyst Ratings Changes

Several research analysts recently commented on HTHT shares. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Zacks Research raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Benchmark increased their target price on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target on the stock in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $54.80.

Insider Transactions at H World Group

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of H World Group stock in a transaction on Friday, March 20th. The stock was sold at an average price of $50.96, for a total value of $1,612,374.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 49.40% of the stock is currently owned by company insiders.

H World Group Profile

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.