H World Group Limited Sponsored ADR (NASDAQ:HTHT - Get Free Report) Director Theng Fong Hee sold 31,640 shares of the business's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $50.96, for a total transaction of $1,612,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
H World Group Stock Down 0.8%
NASDAQ:HTHT opened at $49.75 on Tuesday. H World Group Limited Sponsored ADR has a fifty-two week low of $30.20 and a fifty-two week high of $56.63. The stock has a market capitalization of $15.32 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.09 and a beta of 0.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The company's 50-day simple moving average is $51.32 and its 200-day simple moving average is $45.82.
H World Group Dividend Announcement
The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a yield of 518.0%. H World Group's dividend payout ratio is presently 70.22%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC acquired a new position in H World Group during the 4th quarter valued at approximately $45,000. EverSource Wealth Advisors LLC lifted its stake in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock worth $49,000 after buying an additional 649 shares during the period. iA Global Asset Management Inc. lifted its stake in shares of H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company's stock worth $78,000 after buying an additional 277 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of H World Group during the third quarter valued at $66,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of H World Group by 82.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company's stock valued at $73,000 after buying an additional 968 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on HTHT shares. Zacks Research raised shares of H World Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 19th. Weiss Ratings reissued a "buy (b-)" rating on shares of H World Group in a research report on Monday, December 29th. UBS Group upgraded H World Group from a "neutral" rating to a "buy" rating and set a $62.40 target price on the stock in a research note on Monday, March 9th. Benchmark upped their target price on H World Group from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Finally, Wall Street Zen upgraded H World Group from a "hold" rating to a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $54.80.
Read Our Latest Analysis on H World Group
About H World Group
(
Get Free Report)
H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.
In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.
Further Reading
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