State of New Jersey Common Pension Fund D Has $14.94 Million Holdings in H World Group Limited Sponsored ADR $HTHT

State of New Jersey Common Pension Fund D lifted its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 317,483 shares of the company’s stock after purchasing an additional 36,379 shares during the period. State of New Jersey Common Pension Fund D’s holdings in H World Group were worth $14,938,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Schroder Investment Management Group lifted its holdings in shares of H World Group by 5.5% during the third quarter. Schroder Investment Management Group now owns 13,177,593 shares of the company’s stock worth $515,376,000 after purchasing an additional 690,149 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in H World Group by 43.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock valued at $313,925,000 after buying an additional 2,420,473 shares during the period. Capital International Investors increased its stake in H World Group by 65.2% in the third quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock valued at $189,717,000 after purchasing an additional 1,913,672 shares in the last quarter. Kontiki Capital Management HK Ltd. bought a new stake in H World Group in the third quarter valued at $96,804,000. Finally, Capitolis Liquid Global Markets LLC bought a new stake in H World Group in the third quarter valued at $87,153,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

HTHT has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note 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. Benchmark boosted their target price 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. 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $54.80.

H World Group Trading Down 1.4%

Shares of HTHT stock opened at $50.92 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.08 and a beta of 0.17. 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 simple moving average of $52.21 and a two-hundred day simple moving average of $48.41.

H World Group (NASDAQ:HTHT) last released its 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 for the quarter. H World Group had a net margin of 20.05% and a return on equity of 37.79%. Research 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 declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be paid a dividend of $1.30 per share. This represents a dividend yield of 518.0%. The ex-dividend date is Monday, May 4th. H World Group’s dividend payout ratio is presently 113.78%.

Insider Activity at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the company’s stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 49.40% of the company’s stock.

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.