H World Group (NASDAQ:HTHT) Director Theng Fong Hee Sells 31,640 Shares of Stock

H World Group Limited Sponsored ADR (NASDAQ:HTHT) Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

H World Group Stock Performance

HTHT stock opened at $49.75 on Tuesday. H World Group Limited Sponsored ADR has a twelve month low of $30.20 and a twelve month high of $56.63. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.09 and a beta of 0.11. The business’s fifty day simple moving average is $51.32 and its two-hundred day simple moving average is $45.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

H World Group Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be paid a $1.30 dividend. This represents a yield of 518.0%. The ex-dividend date is Monday, May 4th. H World Group’s dividend payout ratio is currently 70.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HTHT. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group upgraded H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price for the company in a report on Monday, March 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. Finally, Benchmark raised their price target on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $54.80.

Hedge Funds Weigh In On H World Group

Several institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC purchased a new stake in H World Group during the fourth quarter worth $45,000. EverSource Wealth Advisors LLC boosted its position in H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after acquiring an additional 649 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after acquiring an additional 277 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group in the 3rd quarter worth $66,000. Finally, PNC Financial Services Group Inc. raised its position in shares of H World Group by 82.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock worth $73,000 after acquiring an additional 968 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

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.