Prudential PLC Sells 38,067 Shares of H World Group Limited Sponsored ADR $HTHT

Prudential PLC cut its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 44.0% in the fourth quarter, Holdings Channel reports. The fund owned 48,407 shares of the company’s stock after selling 38,067 shares during the period. Prudential PLC’s holdings in H World Group were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HTHT. Kontiki Capital Management HK Ltd. acquired a new stake in shares of H World Group during the 3rd quarter worth about $96,804,000. Capitolis Liquid Global Markets LLC acquired a new position in H World Group in the third quarter valued at about $87,153,000. Capital International Investors boosted its position in H World Group by 65.2% in the third quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock valued at $189,717,000 after buying an additional 1,913,672 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in H World Group by 359.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock worth $44,495,000 after buying an additional 889,869 shares during the last quarter. Finally, True Light Capital Pte. Ltd. acquired a new stake in shares of H World Group during the fourth quarter worth approximately $37,602,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Stock Performance

Shares of H World Group stock opened at $45.00 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $49.20 and a 200 day simple moving average of $49.51. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63. The firm has a market cap of $13.84 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.24 and a beta of 0.11.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.06 EPS for the quarter. The firm had revenue of $932.62 million for the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%. Sell-side analysts predict that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current fiscal year.

H World Group Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were issued a $1.30 dividend. The ex-dividend date was Monday, May 4th. This represents a yield of 542.0%. H World Group’s dividend payout ratio (DPR) is currently 114.80%.

Analyst Ratings Changes

HTHT has been the subject of a number of recent analyst reports. Benchmark raised their price target on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, March 19th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a research note on Monday, March 9th. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

Insider Buying and Selling

In other H World Group news, 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 legal filing with the Securities & Exchange Commission, which is available through this link. 49.40% of the stock is currently owned by insiders.

About H World Group

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.