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

Korea Investment CORP lowered its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,501 shares of the company's stock after selling 12,800 shares during the period. Korea Investment CORP owned approximately 0.07% of H World Group worth $6,755,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Temasek Holdings Private Ltd purchased a new position in H World Group during the 3rd quarter valued at about $81,840,000. TT International Asset Management LTD acquired a new stake in shares of H World Group in the third quarter valued at about $24,915,000. Headwater Capital Co Ltd purchased a new stake in H World Group during the 4th quarter worth approximately $9,909,000. Rovida Investment Management Ltd acquired a new position in H World Group in the 4th quarter valued at $8,258,000. Finally, Waverton Investment Management Ltd purchased a new position in shares of H World Group in the fourth quarter worth about $6,076,000. Institutional investors own 46.41% of the company's stock.

Analysts Set New Price Targets

HTHT has been the subject of a number of recent analyst reports. Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. HSBC downgraded H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, H World Group has a consensus rating of "Moderate Buy" and an average price target of $44.68.

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H World Group Stock Performance

Shares of NASDAQ HTHT traded down $3.88 during midday trading on Friday, reaching $33.27. 2,860,816 shares of the company traded hands, compared to its average volume of 1,900,633. The stock has a 50-day moving average price of $35.68 and a 200 day moving average price of $35.11. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.28 and a beta of 0.60. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98. 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 business also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 4.1%. This is a positive change from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is 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.