Prudential PLC Increases Stock Position in H World Group Limited (NASDAQ:HTHT)

Prudential PLC boosted its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,819 shares of the company's stock after buying an additional 23,914 shares during the quarter. Prudential PLC's holdings in H World Group were worth $3,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of H World Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company's stock worth $43,276,000 after buying an additional 32,409 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in H World Group by 1,325.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company's stock worth $38,092,000 after acquiring an additional 1,072,366 shares during the last quarter. Norges Bank acquired a new position in H World Group during the 4th quarter worth approximately $29,005,000. National Bank of Canada FI purchased a new stake in shares of H World Group in the 4th quarter valued at approximately $22,675,000. Finally, TT International Asset Management LTD acquired a new stake in shares of H World Group in the 3rd quarter valued at $24,915,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HTHT. 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 H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target for the company. in a report on Wednesday, February 5th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, H World Group has an average rating of "Moderate Buy" and a consensus target price of $44.68.

H World Group Stock Up 1.8 %

NASDAQ:HTHT traded up $0.58 during midday trading on Friday, hitting $32.40. 4,894,618 shares of the company were exchanged, compared to its average volume of 1,951,424. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The company has a market capitalization of $10.15 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. 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 fifty day simple moving average of $35.63 and a 200 day simple moving average of $35.23.

H World Group Increases Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Stockholders 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 represents a dividend yield of 4.1%. This is a boost from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is 141.79%.

H World Group Company 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.