FIL Ltd Increases Stock Holdings in H World Group Limited (NASDAQ:HTHT)

FIL Ltd boosted its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,032,700 shares of the company's stock after purchasing an additional 255,829 shares during the period. FIL Ltd owned about 0.33% of H World Group worth $34,110,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new stake in shares of H World Group in the fourth quarter valued at about $33,000. US Bancorp DE raised its holdings in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after purchasing an additional 845 shares during the last quarter. Blue Trust Inc. lifted its position in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock worth $181,000 after purchasing an additional 650 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of H World Group during the fourth quarter worth $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after buying an additional 936 shares during the last quarter. 46.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HTHT. Hsbc Global Res cut shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report 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 price target on the stock. in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.68.

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H World Group Stock Up 3.9 %

Shares of HTHT traded up $1.32 during trading hours on Tuesday, reaching $34.92. The stock had a trading volume of 2,441,223 shares, compared to its average volume of 1,964,379. The firm has a 50-day simple moving average of $35.68 and a 200 day simple moving average of $35.19. H World Group Limited has a 12 month low of $27.03 and a 12 month 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 company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

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