H World Group Limited Sponsored ADR $HTHT Stock: Sumitomo Mitsui Trust Group Inc. Lowers Holdings

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,894 shares of the company’s stock after selling 10,049 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.13% of H World Group worth $17,886,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HTHT. Renaissance Technologies LLC lifted its stake in shares of H World Group by 11.1% in the first quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company’s stock worth $70,013,000 after buying an additional 139,300 shares during the last quarter. Sei Investments Co. grew its stake in H World Group by 263.2% in the 1st quarter. Sei Investments Co. now owns 694,986 shares of the company’s stock valued at $34,951,000 after buying an additional 503,629 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in H World Group by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 539,055 shares of the company’s stock valued at $27,083,000 after buying an additional 19,585 shares during the last quarter. KBC Group NV raised its holdings in H World Group by 493.2% in the 1st quarter. KBC Group NV now owns 517,397 shares of the company’s stock worth $26,020,000 after acquiring an additional 430,176 shares during the period. Finally, Aubrey Capital Management Ltd raised its holdings in H World Group by 9.1% in the 1st quarter. Aubrey Capital Management Ltd now owns 277,100 shares of the company’s stock worth $13,935,000 after acquiring an additional 23,200 shares during the period. Institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HTHT shares. Weiss Ratings raised shares of H World Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen downgraded H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

H World Group Stock Performance

NASDAQ:HTHT opened at $50.22 on Friday. H World Group Limited Sponsored ADR has a 12-month low of $39.86 and a 12-month high of $56.63. 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 firm has a 50-day moving average price of $44.92 and a 200 day moving average price of $46.97. The firm has a market capitalization of $15.84 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.12.

H World Group (NASDAQ:HTHT) last posted its earnings results on Friday, August 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. H World Group had a return on equity of 41.05% and a net margin of 18.90%. Research analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This is a negative change from H World Group’s previous dividend of $1.30. This represents a dividend yield of 394.0%. H World Group’s dividend payout ratio (DPR) is 74.89%.

About H World Group

H World Group Limited is a hospitality company that operates, leases, franchises and manages a broad portfolio of hotels. The company serves business and leisure travelers through brands positioned across the economy, midscale, upscale and luxury segments, with accommodations ranging from limited-service hotels to full-service and resort properties.

Its portfolio includes Chinese brands such as HanTing Hotel, JI Hotel, Orange Hotel, Starway Hotel, Hi Inn, Elan Hotel, Manxin Hotel and CitiGO, as well as international brands including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.