Hsbc Holdings PLC Boosts Stake in H World Group Limited (NASDAQ:HTHT)

Hsbc Holdings PLC boosted its position in H World Group Limited (NASDAQ:HTHT) by 33.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,206,976 shares of the company’s stock after buying an additional 302,514 shares during the quarter. Hsbc Holdings PLC’s holdings in H World Group were worth $39,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HTHT. Capital Research Global Investors purchased a new stake in H World Group in the 4th quarter valued at about $307,715,000. Capital International Investors grew its stake in H World Group by 18.4% in the fourth quarter. Capital International Investors now owns 9,334,577 shares of the company’s stock worth $308,321,000 after purchasing an additional 1,452,364 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in H World Group by 1,325.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company’s stock worth $38,092,000 after purchasing an additional 1,072,366 shares during the period. Norges Bank bought a new stake in H World Group during the 4th quarter valued at $29,005,000. Finally, National Bank of Canada FI purchased a new stake in shares of H World Group in the 4th quarter worth $22,675,000. Institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of HTHT stock opened at $33.75 on Friday. The company has a market cap of $10.58 billion, a P/E ratio of 20.45, a PEG ratio of 1.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The stock’s 50-day moving average is $35.76 and its 200 day moving average is $34.91. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98.

H World Group Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a $0.95 dividend. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 4.1%. This is an increase from H World Group’s previous — dividend of $0.34. H World Group’s payout ratio is presently 141.79%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HTHT. Morgan Stanley restated an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, HSBC cut shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, H World Group has a consensus rating of “Moderate Buy” and an average price target of $43.85.

About H World Group

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.