American Century Companies Inc. Sells 462,867 Shares of H World Group Limited (NASDAQ:HTHT)

American Century Companies Inc. trimmed its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,500 shares of the company's stock after selling 462,867 shares during the period. American Century Companies Inc. owned 0.06% of H World Group worth $6,589,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HTHT. Verition Fund Management LLC bought a new stake in shares of H World Group during the 3rd quarter valued at $1,151,000. Temasek Holdings Private Ltd acquired a new stake in shares of H World Group during the third quarter worth $81,840,000. Public Employees Retirement System of Ohio bought a new stake in H World Group in the third quarter valued at about $489,000. Geode Capital Management LLC lifted its stake in H World Group by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company's stock valued at $47,455,000 after buying an additional 11,684 shares during the period. Finally, TT International Asset Management LTD bought a new position in H World Group during the third quarter worth about $24,915,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HTHT. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target for the company. in a research note on Wednesday, February 5th. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Finally, Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.68.

H World Group Stock Down 4.8 %

HTHT stock traded down $1.54 during mid-day trading on Tuesday, hitting $30.82. 2,725,522 shares of the company were exchanged, compared to its average volume of 1,917,859. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The firm's 50 day simple moving average is $35.63 and its 200 day simple moving average is $35.22. The firm has a market cap of $9.66 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a $0.95 dividend. This is a boost from H World Group's previous -- dividend of $0.34. This represents a yield of 4.1%. The ex-dividend date is Wednesday, April 9th. H World Group's payout ratio is currently 141.79%.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.