H World Group (NASDAQ:HTHT) Shares Gap Up - Here's What Happened

H World Group Limited (NASDAQ:HTHT - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $37.01, but opened at $38.10. H World Group shares last traded at $37.16, with a volume of 175,956 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HTHT shares. HSBC lowered shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective on the stock. in a report on Wednesday, February 5th. Hsbc Global Res downgraded H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $44.68.

H World Group Stock Down 10.0 %

The firm's 50 day simple moving average is $35.70 and its 200-day simple moving average is $35.14. 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 $10.47 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60.

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 issued a dividend of $0.95 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from H World Group's previous -- dividend of $0.34. H World Group's dividend payout ratio is presently 141.79%.

Institutional Trading of H World Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in shares of H World Group during the 4th quarter worth about $33,000. US Bancorp DE grew its holdings in H World Group by 21.2% during the fourth 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 period. Blue Trust Inc. increased its position in H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock worth $181,000 after buying an additional 650 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in H World Group in the fourth quarter valued at approximately $196,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of H World Group in the first quarter valued at approximately $209,000. 46.41% of the stock is owned by institutional investors.

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.