Pictet Asset Management Holding SA Sells 10,300 Shares of H World Group Limited (NASDAQ:HTHT)

Pictet Asset Management Holding SA reduced its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 213,962 shares of the company's stock after selling 10,300 shares during the quarter. Pictet Asset Management Holding SA owned about 0.07% of H World Group worth $7,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTHT. Daiwa Securities Group Inc. bought a new stake in H World Group during the fourth quarter worth approximately $33,000. US Bancorp DE increased its position in shares of H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after purchasing an additional 845 shares during the last quarter. Blue Trust Inc. increased its position in shares of H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in H World Group during the 4th quarter valued at $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in H World Group by 11.9% in 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. HSBC downgraded shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective for the company. in a research note on Wednesday, February 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $44.68.

H World Group Trading Down 4.8 %

Shares of NASDAQ:HTHT traded down $1.54 during trading on Tuesday, reaching $30.82. 2,725,522 shares of the company were exchanged, compared to its average volume of 1,917,859. The business's fifty day simple moving average is $35.63 and its 200-day simple moving average is $35.22. 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 Limited has a 12-month low of $27.03 and a 12-month high of $42.98. The firm has a market capitalization of $9.66 billion, a PE ratio of 18.68, a P/E/G ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.95 per share. The ex-dividend date is Wednesday, April 9th. This is a positive change from H World Group's previous -- dividend of $0.34. This represents a yield of 4.1%. H World Group's payout ratio is 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.