DekaBank Deutsche Girozentrale Purchases 21,938 Shares of H World Group Limited (NASDAQ:HTHT)

DekaBank Deutsche Girozentrale lifted its holdings in H World Group Limited (NASDAQ:HTHT) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,542 shares of the company’s stock after acquiring an additional 21,938 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.10% of H World Group worth $11,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in H World Group by 8.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 113,799 shares of the company’s stock worth $3,812,000 after acquiring an additional 9,100 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of H World Group by 19.6% in the 4th quarter. Quadrant Capital Group LLC now owns 6,975 shares of the company’s stock valued at $233,000 after buying an additional 1,142 shares during the period. Panagora Asset Management Inc. grew its stake in shares of H World Group by 28.1% in the 4th quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock valued at $231,000 after buying an additional 1,517 shares during the period. Norges Bank acquired a new position in H World Group during the 4th quarter worth approximately $46,460,000. Finally, Trexquant Investment LP boosted its holdings in H World Group by 31.8% in the fourth quarter. Trexquant Investment LP now owns 235,828 shares of the company’s stock worth $7,886,000 after acquiring an additional 56,896 shares in the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HTHT shares. Benchmark lowered their target price on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of H World Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.80.

H World Group Stock Up 0.0 %

Shares of NASDAQ:HTHT opened at $28.74 on Tuesday. The business’s 50 day moving average is $29.78 and its 200 day moving average is $34.67. H World Group Limited has a 12-month low of $27.03 and a 12-month high of $42.21. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.12 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The firm had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. On average, sell-side analysts forecast that H World Group Limited will post 1.74 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th were paid a $0.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a dividend yield of 3.9%. H World Group’s payout ratio is presently 75.16%.

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.