OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report) by 50.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,167 shares of the company’s stock after selling 16,789 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in H World Group were worth $761,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of HTHT. Capital International Investors increased its position in H World Group by 71.8% during the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock worth $392,143,000 after buying an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. acquired a new position in H World Group during the third quarter worth $96,804,000. Capitolis Liquid Global Markets LLC acquired a new position in H World Group during the third quarter worth $87,153,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in H World Group by 359.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock worth $44,495,000 after buying an additional 889,869 shares during the last quarter. Finally, True Light Capital Pte. Ltd. acquired a new position in H World Group during the fourth quarter worth $37,602,000. 46.41% of the stock is owned by institutional investors and hedge funds.
H World Group Stock Up 0.4%
HTHT stock opened at $44.86 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. H World Group Limited Sponsored ADR has a 52-week low of $30.41 and a 52-week high of $56.63. The company has a 50-day moving average of $48.49 and a two-hundred day moving average of $49.49. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.11.
H World Group Announces Dividend
The business also recently announced a dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were paid a $1.30 dividend. This represents a dividend yield of 542.0%. The ex-dividend date was Monday, May 4th. H World Group’s dividend payout ratio (DPR) is presently 114.80%.
Insider Buying and Selling at H World Group
In related news, Director Theng Fong Hee sold 31,640 shares of the 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 transaction 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.
Analysts Set New Price Targets
HTHT has been the topic of several analyst reports. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research report on Monday, March 9th. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Benchmark upped their price target on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.20.
View Our Latest Stock Analysis on H World Group
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.
Featured Articles
- Five stocks we like better than H World Group
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding HTHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report).
Receive News & Ratings for H World Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H World Group and related companies with MarketBeat.com's FREE daily email newsletter.
