H World Group Limited (NASDAQ:HTHT) Stake Raised by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. boosted its holdings in H World Group Limited (NASDAQ:HTHT) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,373 shares of the company’s stock after acquiring an additional 3,416 shares during the quarter. E Fund Management Co. Ltd. owned about 0.05% of H World Group worth $5,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HTHT. Blue Trust Inc. increased its stake in H World Group by 716.7% in the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after purchasing an additional 1,075 shares in the last quarter. Headlands Technologies LLC purchased a new position in H World Group in the 2nd quarter worth about $91,000. AdvisorShares Investments LLC purchased a new position in H World Group in the 4th quarter worth about $177,000. Panagora Asset Management Inc. increased its stake in H World Group by 28.1% in the 4th quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock worth $231,000 after purchasing an additional 1,517 shares in the last quarter. Finally, BOCHK Asset Management Ltd purchased a new position in H World Group in the 4th quarter worth about $234,000. 46.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. 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 research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price target on H World Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note 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.com, H World Group presently has a consensus rating of “Moderate Buy” and an average target price of $47.80.

H World Group Trading Up 1.0 %

NASDAQ:HTHT opened at $29.03 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.21. The stock’s 50-day moving average is $29.73 and its two-hundred day moving average is $34.62. The stock has a market cap of $9.48 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.12 and a beta of 0.76.

H World Group (NASDAQ:HTHT) last released its earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. As a group, equities research 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 company also recently declared a Variable dividend, which was paid on Tuesday, September 3rd. Stockholders 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 dividend payout ratio is 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.