Northern Trust Corp Purchases 674,000 Shares of H World Group Limited (NASDAQ:HTHT)

Northern Trust Corp lifted its position in shares of H World Group Limited (NASDAQ:HTHT) by 155.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,107,353 shares of the company’s stock after purchasing an additional 674,000 shares during the period. Northern Trust Corp’s holdings in H World Group were worth $36,576,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Headwater Capital Co Ltd purchased a new stake in H World Group in the 4th quarter worth approximately $9,909,000. Blue Trust Inc. lifted its stake in H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after acquiring an additional 650 shares during the period. abrdn plc lifted its stake in H World Group by 1.6% in the fourth quarter. abrdn plc now owns 114,030 shares of the company’s stock worth $3,791,000 after acquiring an additional 1,751 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in H World Group by 109.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company’s stock valued at $8,292,000 after acquiring an additional 131,189 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after purchasing an additional 936 shares during the period. 46.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HTHT has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Hsbc Global Res cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.80.

H World Group Trading Up 2.1 %

Shares of NASDAQ HTHT opened at $37.59 on Friday. The stock has a market cap of $11.54 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.28 and a beta of 0.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The firm has a 50-day moving average of $35.59 and a 200 day moving average of $34.70.

H World Group Increases Dividend

The business also recently declared a — dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a $0.95 dividend. This is a boost from H World Group’s previous — dividend of $0.34. This represents a dividend yield of 4.1%. The ex-dividend date was Wednesday, April 9th. H World Group’s payout ratio is currently 141.79%.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.