Swedbank AB Sells 6,300 Shares of H World Group Limited Sponsored ADR $HTHT

Swedbank AB reduced its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 9.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,900 shares of the company’s stock after selling 6,300 shares during the quarter. Swedbank AB’s holdings in H World Group were worth $2,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HTHT. Brooklyn Investment Group purchased a new position in H World Group in the first quarter valued at about $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in H World Group in the first quarter valued at approximately $51,000. Taikang Asset Management Hong Kong Co Ltd acquired a new position in H World Group in the first quarter valued at approximately $189,000. Confluence Investment Management LLC acquired a new position in H World Group in the first quarter valued at approximately $209,000. Finally, Greenleaf Trust acquired a new position in H World Group in the first quarter valued at approximately $226,000. 46.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HTHT has been the subject of several research reports. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded H World Group from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, H World Group presently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

H World Group Price Performance

H World Group stock opened at $38.78 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81. H World Group Limited Sponsored ADR has a 1-year low of $29.11 and a 1-year high of $42.98. The company has a market cap of $11.93 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The stock’s 50 day moving average price is $34.69 and its 200 day moving average price is $35.01.

H World Group Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 9th will be paid a $0.79 dividend. This represents a yield of 435.0%. The ex-dividend date is Tuesday, September 9th. H World Group’s dividend payout ratio is presently 95.18%.

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.