National Pension Service grew its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report) by 64.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 102,774 shares of the company’s stock after buying an additional 40,405 shares during the period. National Pension Service’s holdings in H World Group were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in HTHT. TD Private Client Wealth LLC purchased a new position in shares of H World Group in the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC lifted its holdings in H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after purchasing an additional 277 shares in the last quarter. Summit Securities Group LLC bought a new position in H World Group in the 1st quarter worth about $85,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in H World Group in the 3rd quarter worth about $66,000. 46.41% of the stock is owned by institutional investors.
H World Group Price Performance
Shares of HTHT opened at $42.66 on Monday. H World Group Limited Sponsored ADR has a 1 year low of $36.54 and a 1 year high of $56.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20. The stock has a 50 day simple moving average of $43.78 and a two-hundred day simple moving average of $46.86. The firm has a market cap of $13.12 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.52 and a beta of 0.15.
H World Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a $0.87 dividend. This represents a yield of 394.0%. The ex-dividend date is Tuesday, September 8th. H World Group’s dividend payout ratio (DPR) is presently 74.89%.
Analyst Upgrades and Downgrades
HTHT has been the topic of several analyst reports. Benchmark reiterated a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Weiss Ratings lowered shares of H World Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.20.
Read Our Latest Research Report on H World Group
H World Group Company Profile
H World Group Limited (NASDAQ: HTHT) is a global hospitality company that develops, operates and franchises hotels. The company provides accommodation and related services to business and leisure travelers through a portfolio spanning economy, midscale, upscale and luxury segments.
In China, H World’s brands include HanTing Hotel, Hi Inn, Ji Hotel, Starway, Orange Hotel and Crystal Orange. Through its international operations, the company also operates brands such as Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.
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