H World Group Limited Sponsored ADR $HTHT Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 4.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,633,239 shares of the company’s stock after selling 393,492 shares during the quarter. H World Group makes up about 0.9% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its 15th biggest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in H World Group were worth $359,144,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA increased its holdings in H World Group by 5.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 258,062 shares of the company’s stock worth $12,142,000 after acquiring an additional 13,300 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in H World Group by 67.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 142,947 shares of the company’s stock worth $6,726,000 after acquiring an additional 57,751 shares in the last quarter. Bayforest Capital Ltd increased its holdings in H World Group by 2,919.1% in the 4th quarter. Bayforest Capital Ltd now owns 5,374 shares of the company’s stock worth $253,000 after acquiring an additional 5,196 shares in the last quarter. KBC Group NV increased its holdings in H World Group by 46.0% in the 4th quarter. KBC Group NV now owns 87,221 shares of the company’s stock worth $4,104,000 after acquiring an additional 27,466 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in H World Group by 1,712.7% in the 4th quarter. Assetmark Inc. now owns 3,009 shares of the company’s stock worth $142,000 after acquiring an additional 2,843 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

H World Group stock opened at $49.86 on Tuesday. H World Group Limited Sponsored ADR has a 52-week low of $30.41 and a 52-week high of $56.63. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.09 and a beta of 0.17. The company has a fifty day simple moving average of $52.35 and a 200-day simple moving average of $48.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

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

H World Group Announces Dividend

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

Insider Activity

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 value of $1,612,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 49.40% of the company’s stock.

Analysts Set New Price Targets

HTHT has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a report on Friday, March 27th. UBS Group raised 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 report on Monday, March 9th. Zacks Research raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Benchmark boosted their price target on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. One investment 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, the company presently has a consensus rating of “Buy” and a consensus price target of $54.80.

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.