WFM ASIA BVI Ltd Sells 1,473,800 Shares of H World Group Limited (NASDAQ:HTHT)

WFM ASIA BVI Ltd cut its stake in H World Group Limited (NASDAQ:HTHT) by 28.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,683,316 shares of the company’s stock after selling 1,473,800 shares during the quarter. H World Group makes up about 13.2% of WFM ASIA BVI Ltd’s holdings, making the stock its 4th biggest holding. WFM ASIA BVI Ltd’s holdings in H World Group were worth $121,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. bought a new stake in H World Group during the fourth quarter worth about $33,000. US Bancorp DE lifted its stake in H World Group by 21.2% in 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 H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after buying an additional 650 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in H World Group during the fourth quarter worth approximately $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake 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 valued at $290,000 after buying an additional 936 shares during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 10.0 %

HTHT opened at $33.43 on Friday. The stock has a fifty day moving average of $35.70 and a 200-day moving average of $35.14. The company has a market capitalization of $10.47 billion, a P/E ratio of 20.26, a P/E/G 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. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.95 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 141.79%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. HSBC lowered shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.