H World Group Limited Sponsored ADR $HTHT Shares Sold by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. decreased its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 35.6% during the 4th quarter, HoldingsChannel reports. The fund owned 117,996 shares of the company’s stock after selling 65,115 shares during the quarter. H World Group comprises approximately 1.3% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 23rd largest holding. Platinum Investment Management Ltd.’s holdings in H World Group were worth $5,552,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group raised its stake in shares of H World Group by 5.5% in the 3rd quarter. Schroder Investment Management Group now owns 13,177,593 shares of the company’s stock valued at $515,376,000 after purchasing an additional 690,149 shares in the last quarter. Capital International Investors grew its position in H World Group by 71.8% in the 4th quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock worth $392,143,000 after purchasing an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its position in H World Group by 49.6% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock worth $174,263,000 after purchasing an additional 1,228,617 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in H World Group in the 3rd quarter worth about $87,153,000. Finally, Generation Investment Management LLP grew its position in H World Group by 0.3% in the 3rd quarter. Generation Investment Management LLP now owns 1,492,241 shares of the company’s stock worth $58,362,000 after purchasing an additional 4,428 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

Insider Activity at H World Group

In other news, Director Theng Fong Hee sold 31,640 shares of the 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 49.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HTHT has been the subject of several recent analyst reports. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings cut shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Benchmark upped their target price 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. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective for the company in a report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

H World Group Stock Down 0.6%

Shares of NASDAQ:HTHT opened at $44.66 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $13.73 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.11. 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 50 day simple moving average of $48.63 and a 200 day simple moving average of $49.47.

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

H World Group Announces Dividend

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

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.