9,316,220 Shares in H World Group Limited (NASDAQ:HTHT) Bought by Capital Research Global Investors

Capital Research Global Investors purchased a new position in H World Group Limited (NASDAQ:HTHT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,316,220 shares of the company's stock, valued at approximately $307,715,000. Capital Research Global Investors owned about 2.97% of H World Group at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HTHT. Capital International Investors raised its stake in H World Group by 18.4% during the 4th quarter. Capital International Investors now owns 9,334,577 shares of the company's stock valued at $308,321,000 after buying an additional 1,452,364 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in H World Group by 1.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 259,597 shares of the company's stock valued at $8,570,000 after acquiring an additional 4,609 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in H World Group by 91.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 767,500 shares of the company's stock worth $25,351,000 after purchasing an additional 367,500 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of H World Group during the 4th quarter valued at about $1,003,000. Finally, Mariner LLC grew its stake in shares of H World Group by 33.8% during the 4th quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after purchasing an additional 2,050 shares during the period. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Stock Performance

Shares of H World Group stock traded up $0.48 during midday trading on Wednesday, hitting $35.43. The company had a trading volume of 2,280,379 shares, compared to its average volume of 2,004,952. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. H World Group Limited has a 12-month low of $27.03 and a 12-month high of $42.98. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.28 and a beta of 0.60. The company has a fifty day simple moving average of $35.86 and a 200 day simple moving average of $35.01.

H World Group Increases Dividend

The company also recently announced 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 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 presently 141.79%.

Analyst Ratings Changes

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

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.