Resona Asset Management Co. Ltd. Buys New Stake in H World Group Limited (NASDAQ:HTHT)

Resona Asset Management Co. Ltd. purchased a new position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,919 shares of the company's stock, valued at approximately $1,618,000.

Several other large investors have also recently made changes to their positions in HTHT. Daiwa Securities Group Inc. bought a new position in shares of H World Group during the 4th quarter valued at $33,000. US Bancorp DE increased its holdings in shares of H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after buying an additional 845 shares during the period. Blue Trust Inc. lifted its stake in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after acquiring 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 about $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after acquiring an additional 936 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

Shares of NASDAQ:HTHT traded up $0.58 during midday trading on Friday, reaching $32.40. 4,894,618 shares of the company's stock traded hands, compared to its average volume of 1,951,424. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.28 and a beta of 0.60. The stock has a 50 day moving average of $35.63 and a 200 day moving average of $35.23. H World Group Limited has a one year low of $27.03 and a one year high of $42.98.

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H World Group Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.95 dividend. This represents a dividend yield of 4.1%. This is a positive change from H World Group's previous -- dividend of $0.34. The ex-dividend date is Wednesday, April 9th. H World Group's dividend payout ratio is 141.79%.

Analyst Ratings Changes

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

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.