Mirae Asset Global Investments Co. Ltd. Has $2.48 Million Stake in H World Group Limited Sponsored ADR $HTHT

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,797 shares of the company’s stock after selling 11,479 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in H World Group were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HTHT. EverSource Wealth Advisors LLC increased its holdings in H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after buying an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in H World Group during the third quarter worth $66,000. Osaic Holdings Inc. increased its holdings in H World Group by 889.5% during the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after buying an additional 2,037 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in H World Group by 1,307.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock worth $92,000 after buying an additional 2,523 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in H World Group by 1,712.7% during the fourth quarter. Assetmark Inc. now owns 3,009 shares of the company’s stock worth $142,000 after buying an additional 2,843 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HTHT has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research report on Friday, March 27th. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Zacks Research raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective for the company in a research report on Monday, March 9th. 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 report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, H World Group has a consensus rating of “Buy” and a consensus target price of $54.80.

Insider Activity

In other news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 49.40% of the company’s stock.

H World Group Trading Down 3.9%

HTHT stock opened at $52.06 on Thursday. The company has a fifty day moving average price of $52.45 and a two-hundred day moving average price of $47.91. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.14 and a beta of 0.17. H World Group Limited Sponsored ADR has a one year low of $30.41 and a one year high of $56.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91.

H World Group (NASDAQ:HTHT) last announced its earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $932.62 million during the quarter. H World Group had a net margin of 20.05% and a return on equity of 37.79%. Equities analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 EPS for the current year.

H World Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th will be given a $1.30 dividend. This represents a dividend yield of 518.0%. The ex-dividend date of this dividend is Monday, May 4th. H World Group’s payout ratio is presently 113.78%.

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.