Korea Investment CORP Has $6.76 Million Stock Holdings in H World Group Limited (NASDAQ:HTHT)

Korea Investment CORP lessened its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,501 shares of the company's stock after selling 12,800 shares during the quarter. Korea Investment CORP owned 0.07% of H World Group worth $6,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Keystone Investors PTE Ltd. increased its stake in H World Group by 35.1% in the 4th quarter. Keystone Investors PTE Ltd. now owns 137,800 shares of the company's stock valued at $4,552,000 after purchasing an additional 35,800 shares in the last quarter. Rovida Investment Management Ltd acquired a new position in shares of H World Group during the 4th quarter worth $8,258,000. KLP Kapitalforvaltning AS purchased a new stake in shares of H World Group in the 4th quarter worth about $1,519,000. Sei Investments Co. grew its stake in H World Group by 964.0% in the 4th quarter. Sei Investments Co. now owns 139,921 shares of the company's stock valued at $4,622,000 after acquiring an additional 126,770 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in H World Group during the fourth quarter worth about $196,000. Institutional investors and hedge funds own 46.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HTHT shares. Hsbc Global Res cut shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. HSBC lowered shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, H World Group currently has a consensus rating of "Moderate Buy" and an average price target of $44.68.

H World Group Stock Performance

Shares of HTHT stock traded down $3.71 during trading hours on Friday, reaching $33.43. The stock had a trading volume of 4,761,113 shares, compared to its average volume of 1,910,326. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The firm has a market capitalization of $10.47 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The firm has a 50-day simple moving average of $35.70 and a 200-day simple moving average of $35.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

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 issued a dividend of $0.95 per share. This is a positive change 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 presently 141.79%.

H World Group Profile

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.