Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in H World Group Limited Sponsored ADR $HTHT

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,340 shares of the company’s stock after purchasing an additional 23,372 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in H World Group were worth $11,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Schroder Investment Management Group lifted its stake 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 buying an additional 690,149 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of H World Group by 43.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock valued at $313,925,000 after acquiring an additional 2,420,473 shares during the period. Capital International Investors raised its stake in H World Group by 65.2% in the 3rd quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock worth $189,717,000 after acquiring an additional 1,913,672 shares during the last quarter. Kontiki Capital Management HK Ltd. purchased a new position in H World Group in the 3rd quarter worth $96,804,000. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in H World Group during the 3rd quarter worth about $87,153,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Insider Buying and Selling at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction on 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 available through this link. 49.40% of the stock is currently owned by company insiders.

H World Group Stock Performance

NASDAQ HTHT opened at $47.08 on Monday. The firm has a market capitalization of $14.48 billion, a P/E ratio of 20.92, a PEG ratio of 1.30 and a beta of 0.15. The stock has a 50-day simple moving average of $51.86 and a two-hundred day simple moving average of $48.80. 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 Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63.

H World Group (NASDAQ:HTHT) last issued its earnings results on Saturday, February 14th. The company reported $0.06 EPS for the quarter. The firm had revenue of $932.62 million for the quarter. H World Group had a return on equity of 37.79% and a net margin of 20.05%. On average, equities analysts forecast that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current year.

H World Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 4th. This represents a dividend yield of 542.0%. H World Group’s dividend payout ratio (DPR) is presently 113.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HTHT. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a report on Friday, March 27th. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research report on Monday, March 9th. Finally, Benchmark lifted their price objective on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, H World Group has a consensus rating of “Buy” and a consensus target price of $54.80.

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.