H World Group (NASDAQ:HTHT) Director Sells $1,612,374.40 in Stock

H World Group Limited Sponsored ADR (NASDAQ:HTHT) Director Theng Fong Hee sold 31,640 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

H World Group Stock Performance

Shares of H World Group stock traded down $0.06 during trading on Monday, hitting $50.08. 356,146 shares of the company’s stock were exchanged, compared to its average volume of 1,662,860. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.09 and a beta of 0.11. The business has a 50-day simple moving average of $51.33 and a 200-day simple moving average of $45.73. H World Group Limited Sponsored ADR has a 52-week low of $30.20 and a 52-week high of $56.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

H World Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HTHT. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price for the company in a research note on Monday, March 9th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Benchmark lifted their price objective on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $54.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of H World Group in the third quarter valued at about $12,207,000. APG Asset Management N.V. lifted its stake in shares of H World Group by 146.8% in the third quarter. APG Asset Management N.V. now owns 108,093 shares of the company’s stock worth $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 during the third quarter worth about $415,000. Schroder Investment Management Group grew its stake in H World Group by 95.0% during the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after acquiring an additional 6,082,369 shares in the last quarter. Finally, AI Squared Management Ltd purchased a new stake in H World Group during the 3rd quarter valued at about $1,158,000. 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.