Capital Research Global Investors Trims Position in H World Group Limited Sponsored ADR $HTHT

Capital Research Global Investors trimmed its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 73.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,502,500 shares of the company’s stock after selling 4,058,057 shares during the quarter. Capital Research Global Investors’ holdings in H World Group were worth $70,693,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC purchased a new stake in shares of H World Group in the fourth quarter valued at about $45,000. EverSource Wealth Advisors LLC raised its holdings in shares of H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of H World Group in the third quarter valued at about $66,000. Osaic Holdings Inc. raised its holdings in shares of H World Group by 889.5% in the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after buying an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of H World Group by 20.1% in the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after buying an additional 277 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Trading Down 1.9%

Shares of H World Group stock opened at $44.15 on Tuesday. 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 quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company’s 50-day simple moving average is $49.07 and its 200-day simple moving average is $49.50. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.24 and a beta of 0.11.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a net margin of 19.22% and a return on equity of 39.73%. The business had revenue of $932.62 million for the quarter. As a group, equities research analysts anticipate that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current year.

H World Group Dividend Announcement

The business 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 was Monday, May 4th. H World Group’s dividend payout ratio is presently 114.80%.

Insiders Place Their Bets

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $50.96, for a total transaction of $1,612,374.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 49.40% of the company’s stock.

Analyst Upgrades and Downgrades

HTHT has been the subject of a number of research reports. Benchmark upped their target price 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. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group upgraded 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. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

H World Group Profile

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.