Prudential PLC Sells 38,067 Shares of H World Group Limited Sponsored ADR $HTHT

Prudential PLC reduced its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,407 shares of the company’s stock after selling 38,067 shares during the quarter. Prudential PLC’s holdings in H World Group were worth $2,278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Kontiki Capital Management HK Ltd. bought a new stake in H World Group during the 3rd quarter valued at approximately $96,804,000. Capitolis Liquid Global Markets LLC bought a new position in H World Group in the 3rd quarter worth approximately $87,153,000. Capital International Investors lifted its holdings in shares of H World Group by 65.2% during the third quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock worth $189,717,000 after buying an additional 1,913,672 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of H World Group by 359.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock worth $44,495,000 after buying an additional 889,869 shares during the last quarter. Finally, True Light Capital Pte. Ltd. bought a new stake in shares of H World Group in the fourth quarter valued at approximately $37,602,000. 46.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Theng Fong Hee sold 31,640 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 49.40% of the stock is currently owned by insiders.

H World Group Stock Performance

Shares of NASDAQ HTHT opened at $45.00 on Monday. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.24 and a beta of 0.11. H World Group Limited Sponsored ADR has a one year low of $30.41 and a one year high of $56.63. The business has a fifty day simple moving average of $49.20 and a 200 day simple moving average of $49.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

H World Group (NASDAQ:HTHT) last posted 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 net margin of 19.22% and a return on equity of 39.73%. Sell-side analysts expect that H World Group Limited Sponsored ADR will post 2.47 EPS for the current year.

H World Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th were given a dividend of $1.30 per share. This represents a dividend yield of 542.0%. The ex-dividend date was Monday, May 4th. H World Group’s payout ratio is 114.80%.

Analyst Upgrades and Downgrades

HTHT has been the topic of a number of research reports. UBS Group raised shares of 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. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a report on Monday. Benchmark raised their price target on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, H World Group has an average rating of “Moderate Buy” and a consensus target price of $61.20.

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.