Rakuten Investment Management Inc. Makes New Investment in H World Group Limited Sponsored ADR $HTHT

Rakuten Investment Management Inc. acquired a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the third quarter, Holdings Channel reports. The institutional investor acquired 11,087 shares of the company’s stock, valued at approximately $478,000.

Other hedge funds have also recently made changes to their positions in the company. AIA Group Ltd lifted its position in H World Group by 13.6% during the 3rd quarter. AIA Group Ltd now owns 210,449 shares of the company’s stock worth $9,007,000 after acquiring an additional 25,145 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in H World Group during the 3rd quarter valued at about $260,000. Profund Advisors LLC grew its stake in H World Group by 5.8% during the 3rd quarter. Profund Advisors LLC now owns 13,038 shares of the company’s stock valued at $558,000 after purchasing an additional 716 shares during the last quarter. Vise Technologies Inc. grew its stake in H World Group by 15.3% during the 3rd quarter. Vise Technologies Inc. now owns 6,540 shares of the company’s stock valued at $280,000 after purchasing an additional 868 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of H World Group in the third quarter valued at about $733,000. 46.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HTHT shares. Weiss Ratings upgraded H World Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Benchmark reaffirmed a “buy” rating on shares of H World Group in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Price Performance

NASDAQ:HTHT opened at $51.04 on Monday. The firm has a market capitalization of $16.10 billion, a P/E ratio of 22.48, a PEG ratio of 1.80 and a beta of 0.12. H World Group Limited Sponsored ADR has a 1-year low of $39.86 and a 1-year high of $56.63. The company’s fifty day moving average price is $44.98 and its 200-day moving average price is $46.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20.

H World Group (NASDAQ:HTHT) last issued its earnings results on Friday, August 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. As a group, equities research analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 EPS for the current year.

H World Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a yield of 394.0%. This is a decrease from H World Group’s previous dividend of $1.30. H World Group’s payout ratio is 74.89%.

H World Group Profile

H World Group Limited is a hotel company that develops, operates, franchises and manages hotels. Its business includes both directly operated properties and hotels run by third-party owners under its brands and management or franchise arrangements.

The company’s portfolio includes brands serving different market segments, such as HanTing, JI Hotel and Crystal Orange in China, as well as Steigenberger, IntercityHotel and Zleep Hotels through its European operations. Its offerings range from economy and midscale lodging to upscale hotels.

Founded in China in 2005 as Huazhu, the company later adopted the name H World Group.