MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 7,530 Shares of H World Group Limited (NASDAQ:HTHT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in H World Group Limited (NASDAQ:HTHT) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,509 shares of the company’s stock after selling 7,530 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in H World Group were worth $3,716,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HTHT. Blue Trust Inc. grew its position in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after buying an additional 650 shares during the last quarter. abrdn plc grew its position in shares of H World Group by 1.6% in the 4th quarter. abrdn plc now owns 114,030 shares of the company’s stock valued at $3,791,000 after buying an additional 1,751 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of H World Group by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company’s stock valued at $8,292,000 after purchasing an additional 131,189 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after purchasing an additional 936 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of H World Group by 12.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,242 shares of the company’s stock valued at $1,077,000 after purchasing an additional 3,547 shares during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 1.3%

HTHT stock opened at $37.11 on Tuesday. The stock’s 50 day simple moving average is $35.65 and its 200 day simple moving average is $34.63. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $11.39 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.28 and a beta of 0.45.

H World Group Increases Dividend

The company also recently declared a — dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th were paid a dividend of $0.95 per share. This is an increase from H World Group’s previous — dividend of $0.34. This represents a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, April 9th. H World Group’s dividend payout ratio is 141.79%.

Analysts Set New Price Targets

HTHT has been the topic of a number of recent analyst reports. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective on the stock. in a research note on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Finally, Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, H World Group has a consensus rating of “Moderate Buy” and an average target price of $42.80.

H World Group Company Profile

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.