H World Group Limited Sponsored ADR $HTHT Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 974,499 shares of the company’s stock after selling 156,152 shares during the quarter. Legal & General Group Plc’s holdings in H World Group were worth $45,850,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. iA Global Asset Management Inc. increased its holdings in H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after buying an additional 277 shares during the period. Rhumbline Advisers increased its holdings in H World Group by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock worth $1,068,000 after buying an additional 352 shares during the period. EverSource Wealth Advisors LLC increased its holdings in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after buying an additional 649 shares during the period. AQR Capital Management LLC increased its holdings in H World Group by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after buying an additional 936 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in H World Group in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Trading Up 0.4%

H World Group stock opened at $44.89 on Friday. 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 Limited Sponsored ADR has a 12 month low of $30.41 and a 12 month high of $56.63. The stock’s 50 day simple moving average is $49.73 and its two-hundred day simple moving average is $49.48. The firm has a market cap of $13.80 billion, a PE ratio of 20.13, a P/E/G ratio of 1.24 and a beta of 0.15.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.06 EPS for the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%.The business had revenue of $932.62 million for the quarter. Analysts anticipate that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current year.

H World Group Dividend Announcement

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

Insider Buying and Selling

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the company’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 value of $1,612,374.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 49.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on HTHT shares. Benchmark increased 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. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target on the stock in a report on Monday, March 9th. Zacks Research upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings downgraded shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $61.20.

About H World Group

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.