H World Group Limited (NASDAQ:HTHT) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in shares of H World Group Limited (NASDAQ:HTHT) by 18.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 678,783 shares of the company’s stock after selling 158,616 shares during the period. Hsbc Holdings PLC owned about 0.21% of H World Group worth $22,614,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of H World Group by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 36,662 shares of the company’s stock valued at $1,419,000 after purchasing an additional 636 shares in the last quarter. Blue Trust Inc. increased its stake in shares of H World Group by 716.7% in the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after purchasing an additional 1,075 shares during the period. Panagora Asset Management Inc. raised its stake in H World Group by 28.1% during the 4th quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock valued at $231,000 after acquiring an additional 1,517 shares in the last quarter. US Bancorp DE lifted its holdings in H World Group by 9.3% in the first quarter. US Bancorp DE now owns 18,964 shares of the company’s stock worth $734,000 after purchasing an additional 1,609 shares during the period. Finally, Dai ichi Life Insurance Company Ltd lifted its stake in shares of H World Group by 16.1% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 14,400 shares of the company’s stock worth $482,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark dropped their price target on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.80.

H World Group Trading Down 0.2 %

HTHT stock opened at $29.81 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.12 and a beta of 0.76. The business has a fifty day moving average price of $29.55 and a 200 day moving average price of $34.47. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.21.

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

H World Group Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were issued a dividend of $0.63 per share. 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%.

About H World Group

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.