H World Group Limited (NASDAQ:HTHT) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 91.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 767,500 shares of the company's stock after buying an additional 367,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.24% of H World Group worth $25,351,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of H World Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company's stock worth $43,276,000 after acquiring an additional 32,409 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of H World Group by 1,325.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company's stock worth $38,092,000 after buying an additional 1,072,366 shares in the last quarter. FIL Ltd increased its stake in shares of H World Group by 32.9% during the fourth quarter. FIL Ltd now owns 1,032,700 shares of the company's stock worth $34,110,000 after buying an additional 255,829 shares during the period. Renaissance Technologies LLC lifted its stake in H World Group by 213.6% in the fourth quarter. Renaissance Technologies LLC now owns 983,585 shares of the company's stock worth $32,488,000 after acquiring an additional 669,985 shares during the last quarter. Finally, Norges Bank acquired a new position in H World Group during the 4th quarter worth approximately $29,005,000. Institutional investors and hedge funds own 46.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HTHT. Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Finally, HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.85.

H World Group Stock Performance

Shares of H World Group stock traded up $0.50 during trading hours on Tuesday, hitting $34.95. 1,680,107 shares of the company were exchanged, compared to its average volume of 1,999,539. The business has a 50-day moving average of $35.88 and a 200-day moving average of $35.00. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.95 per share. This represents a dividend yield of 4.1%. This is an increase from H World Group's previous -- dividend of $0.34. The ex-dividend date is Wednesday, April 9th. H World Group's dividend payout ratio is 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.