OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report) by 50.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,167 shares of the company’s stock after selling 16,789 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in H World Group were worth $761,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of HTHT. iA Global Asset Management Inc. increased 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 purchasing an additional 277 shares during the period. Rhumbline Advisers increased its holdings in shares of H World Group by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock valued at $1,068,000 after purchasing an additional 352 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of H World Group by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock valued at $466,000 after purchasing an additional 486 shares during the period. EverSource Wealth Advisors LLC increased 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 purchasing an additional 649 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of H World Group by 5.3% in the 4th quarter. Macquarie Group Ltd. now owns 17,056 shares of the company’s stock valued at $802,000 after purchasing an additional 859 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.
H World Group Trading Up 0.4%
NASDAQ HTHT opened at $44.86 on Tuesday. H World Group Limited Sponsored ADR has a 1-year low of $30.41 and a 1-year high of $56.63. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $13.80 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.11. The firm’s fifty day simple moving average is $48.49 and its 200-day simple moving average is $49.49.
H World Group Announces Dividend
The firm also recently announced a dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th were given a dividend of $1.30 per share. This represents a yield of 542.0%. The ex-dividend date of this dividend was Monday, May 4th. H World Group’s dividend payout ratio is presently 114.80%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Benchmark upped their price target 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. Weiss Ratings downgraded shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.20.
Check Out Our Latest Stock Analysis on HTHT
Insider Buying and Selling
In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 49.40% of the stock is owned by insiders.
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.
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