Greenwoods Asset Management Hong Kong Ltd. lifted its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report) by 134.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842,822 shares of the company’s stock after acquiring an additional 482,822 shares during the period. H World Group makes up about 1.0% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 19th largest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in H World Group were worth $39,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kontiki Capital Management HK Ltd. purchased a new stake in shares of H World Group in the 3rd quarter valued at $96,804,000. Mitsubishi UFJ Trust & Banking Corp raised its position in 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 worth $313,925,000 after purchasing an additional 2,420,473 shares during the period. Capitolis Liquid Global Markets LLC purchased a new position in H World Group in the 3rd quarter worth $87,153,000. Capital International Investors lifted 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 worth $189,717,000 after purchasing an additional 1,913,672 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in H World Group by 359.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock valued at $44,495,000 after buying an additional 889,869 shares during the period. 46.41% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on HTHT. Weiss Ratings downgraded H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Benchmark raised their price target on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective for the company in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $54.80.
H World Group Stock Performance
H World Group stock opened at $45.97 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a market cap of $14.14 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.26 and a beta of 0.15. H World Group Limited Sponsored ADR has a 1-year low of $30.41 and a 1-year high of $56.63. The firm has a 50-day moving average of $50.77 and a 200-day moving average of $49.26.
H World Group (NASDAQ:HTHT – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.06 EPS for the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%.The business had revenue of $932.62 million during the quarter. Sell-side analysts expect that H World Group Limited Sponsored ADR will post 2.47 EPS for the current 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 $1.30 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a yield of 542.0%. H World Group’s dividend payout ratio (DPR) is presently 114.80%.
Insiders Place Their Bets
In related news, Director Theng Fong Hee sold 31,640 shares of H World Group 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 SEC, which is available at the SEC website. 49.40% of the stock is currently owned by company insiders.
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.
Featured Articles
- Five stocks we like better than H World Group
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding HTHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report).
Receive News & Ratings for H World Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H World Group and related companies with MarketBeat.com's FREE daily email newsletter.
