Sumitomo Mitsui Trust Group Inc. Trims Holdings in H World Group Limited Sponsored ADR $HTHT

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,928 shares of the company’s stock after selling 20,597 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.15% of H World Group worth $15,770,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Temasek Holdings Private Ltd boosted its position in H World Group by 66.5% during the 1st quarter. Temasek Holdings Private Ltd now owns 6,856,300 shares of the company’s stock valued at $253,752,000 after acquiring an additional 2,738,772 shares in the last quarter. Generation Investment Management LLP grew its holdings in shares of H World Group by 8.2% during the 1st quarter. Generation Investment Management LLP now owns 5,213,875 shares of the company’s stock worth $192,966,000 after acquiring an additional 395,042 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of H World Group by 2,301.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,926,818 shares of the company’s stock worth $145,332,000 after acquiring an additional 3,763,295 shares during the period. Keystone Investors PTE Ltd. grew its holdings in shares of H World Group by 1,280.0% during the 1st quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company’s stock worth $70,378,000 after acquiring an additional 1,763,789 shares during the period. Finally, Nuveen LLC purchased a new position in shares of H World Group during the 1st quarter worth approximately $60,903,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded H World Group from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a report on Monday. Zacks Research raised H World Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 28th. Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of H World Group in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, H World Group presently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

H World Group Stock Performance

Shares of HTHT opened at $38.29 on Thursday. The stock has a market cap of $11.78 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.83 and a beta of 0.35. H World Group Limited Sponsored ADR has a 52 week low of $30.13 and a 52 week high of $40.56. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $37.76 and its 200-day moving average price is $35.50.

H World Group Dividend Announcement

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

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.