H World Group (NASDAQ:HTHT) Shares Gap Down – Here’s What Happened

H World Group Limited Sponsored ADR (NASDAQ:HTHT) shares gapped down before the market opened on Monday . The stock had previously closed at $50.92, but opened at $49.01. H World Group shares last traded at $48.8950, with a volume of 119,852 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research report on Friday, March 27th. 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 target price for the company in a research report on Monday, March 9th. 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. Finally, Benchmark upped their price target on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $54.80.

H World Group Stock Performance

The stock has a market cap of $14.78 billion, a PE ratio of 21.39, a PEG ratio of 1.07 and a beta of 0.15. The stock has a fifty day simple moving average of $52.21 and a two-hundred day simple moving average of $48.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

H World Group (NASDAQ:HTHT) last released its quarterly earnings results 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 37.79% and a net margin of 20.05%. Equities analysts anticipate that H World Group Limited Sponsored ADR will post 2.5 EPS for the current fiscal 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 paid a dividend of $1.30 per share. This represents a dividend yield of 541.0%. The ex-dividend date is Monday, May 4th. H World Group’s dividend payout ratio is 70.22%.

Insider Activity at H World Group

In other news, Director Theng Fong Hee sold 31,640 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 49.40% of the company’s stock.

Hedge Funds Weigh In On H World Group

Several institutional investors and hedge funds have recently made changes to their positions in HTHT. TD Private Client Wealth LLC purchased a new position in shares of H World Group during the 4th quarter valued at approximately $45,000. EverSource Wealth Advisors LLC raised its position in shares of H World Group by 81.0% during 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 in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the 3rd quarter valued at approximately $66,000. Osaic Holdings Inc. raised its position in shares of H World Group by 889.5% during 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 in the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of H World Group by 20.1% during 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 in the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

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.