Greenwoods Asset Management Hong Kong Ltd. Has $13.42 Million Position in H World Group Limited Sponsored ADR $HTHT

Greenwoods Asset Management Hong Kong Ltd. cut its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 69.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 321,572 shares of the company’s stock after selling 741,609 shares during the period. H World Group accounts for approximately 0.6% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 14th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in H World Group were worth $13,416,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in H World Group by 11.2% during the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after purchasing an additional 936 shares during the period. Norges Bank bought a new position in H World Group in the 2nd quarter worth approximately $888,000. EverSource Wealth Advisors LLC increased its position in H World Group by 81.0% in the 2nd 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. First Trust Advisors LP acquired a new position in shares of H World Group during the second quarter worth approximately $2,881,000. Finally, Jump Financial LLC acquired a new position in shares of H World Group during the second quarter worth approximately $651,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

HTHT has been the topic of several research analyst reports. Weiss Ratings upgraded shares of H World Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Benchmark reiterated a “buy” rating on shares of H World Group in a research note on Tuesday, August 18th. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

H World Group Trading Down 0.5%

H World Group stock opened at $46.74 on Thursday. The business has a 50 day moving average price of $43.46 and a two-hundred day moving average price of $47.31. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.67 and a beta of 0.15. H World Group Limited Sponsored ADR has a 12 month low of $36.03 and a 12 month high of $56.63.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. H World Group had a return on equity of 41.05% and a net margin of 18.90%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. As a group, equities analysts forecast that H World Group Limited Sponsored ADR will post 2.6 EPS for the current year.

H World Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.87 per share. The ex-dividend date is Tuesday, September 8th. This represents a yield of 373.0%. H World Group’s dividend payout ratio (DPR) is currently 112.78%.

H World Group Profile

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.