WFM ASIA BVI Ltd Reduces Stock Position in H World Group Limited (NASDAQ:HTHT)

WFM ASIA BVI Ltd reduced its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,683,316 shares of the company's stock after selling 1,473,800 shares during the quarter. H World Group accounts for approximately 13.2% of WFM ASIA BVI Ltd's holdings, making the stock its 4th largest holding. WFM ASIA BVI Ltd owned about 1.18% of H World Group worth $121,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. acquired a new position in H World Group during the 4th quarter worth $33,000. US Bancorp DE increased its holdings in H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after buying an additional 845 shares during the last quarter. Blue Trust Inc. raised its stake in H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after buying an additional 650 shares in the last quarter. iA Global Asset Management Inc. bought a new position in H World Group during the 4th quarter worth approximately $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of H World Group by 11.9% in 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 in the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HTHT. Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a research report on Wednesday, February 5th. Finally, Morgan Stanley restated an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $44.68.

H World Group Stock Performance

HTHT traded down $0.88 during trading hours on Thursday, hitting $31.65. The company's stock had a trading volume of 1,755,088 shares, compared to its average volume of 1,930,926. The company has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $35.22. 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 firm has a market capitalization of $9.92 billion, a PE ratio of 19.18, a PEG ratio of 1.28 and a beta of 0.60. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98.

H World Group Increases Dividend

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