H World Group (NASDAQ:HTHT) Shares Down 5.8% – Here’s What Happened

H World Group Limited Sponsored ADR (NASDAQ:HTHT)’s stock price dropped 5.8% on Wednesday . The stock traded as low as $51.31 and last traded at $51.0350. Approximately 1,562,822 shares traded hands during trading, a decline of 11% from the average daily volume of 1,762,580 shares. The stock had previously closed at $54.20.

Analyst Ratings Changes

HTHT has been the topic of several recent analyst reports. Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Benchmark lifted their target price on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research report on Monday, March 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research report on Friday, March 27th. Finally, Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, H World Group presently has a consensus rating of “Buy” and a consensus target price of $54.80.

H World Group Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average price is $52.42 and its 200-day moving average price is $47.94. The company has a market capitalization of $15.95 billion, a P/E ratio of 23.03, a PEG ratio of 1.09 and a beta of 0.17.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $932.62 million for the quarter. H World Group had a return on equity of 37.79% and a net margin of 20.05%. As a group, research analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 EPS for the current fiscal year.

H World Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a dividend yield of 518.0%. H World Group’s payout ratio is presently 70.22%.

Insider Buying and Selling at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 49.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in H World Group in the 3rd quarter valued at $12,207,000. APG Asset Management N.V. grew its holdings in H World Group by 146.8% in the 3rd quarter. APG Asset Management N.V. now owns 108,093 shares of the company’s stock valued at $4,228,000 after buying an additional 64,300 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in H World Group in the 3rd quarter valued at $415,000. AI Squared Management Ltd acquired a new position in H World Group in the 3rd quarter valued at $1,158,000. Finally, Capital International Investors grew its holdings in H World Group by 65.2% in the 3rd quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock valued at $189,717,000 after buying an additional 1,913,672 shares in the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

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.