Zacks Research downgraded shares of H World Group (NASDAQ:HTHT – Free Report) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.
HTHT has been the subject of a number of other research reports. Benchmark upped their price objective 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. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. UBS Group upgraded 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, Weiss Ratings downgraded shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.20.
Get Our Latest Stock Analysis on HTHT
H World Group Trading Up 0.5%
H World Group (NASDAQ:HTHT – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $932.62 million during the quarter. H World Group had a net margin of 19.22% and a return on equity of 39.73%. As a group, equities analysts predict that H World Group will post 2.47 earnings per share for the current fiscal year.
H World Group Announces Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were paid a dividend of $1.30 per share. This represents a yield of 542.0%. The ex-dividend date of this dividend was Monday, May 4th. H World Group’s dividend payout ratio is currently 114.80%.
Insider Transactions at H World Group
In related 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 legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 49.40% of the company’s stock.
Institutional Trading of H World Group
Several large investors have recently bought and sold shares of the business. Schroder Investment Management Group grew its stake in H World Group by 5.5% during the 3rd quarter. Schroder Investment Management Group now owns 13,177,593 shares of the company’s stock valued at $515,376,000 after acquiring an additional 690,149 shares in the last quarter. Capital International Investors grew its stake in H World Group by 71.8% during the 4th quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock valued at $392,143,000 after acquiring an additional 3,483,760 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its stake in H World Group by 49.6% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock valued at $174,263,000 after acquiring an additional 1,228,617 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in H World Group during the 3rd quarter valued at about $87,153,000. Finally, Generation Investment Management LLP grew its stake in H World Group by 0.3% during the 3rd quarter. Generation Investment Management LLP now owns 1,492,241 shares of the company’s stock valued at $58,362,000 after acquiring an additional 4,428 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.
H World Group Company 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.
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