Sumitomo Mitsui Trust Group Inc. Sells 12,690 Shares of H World Group Limited Sponsored ADR $HTHT

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. reduced its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHTFree Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 449,791 shares of the company’s stock after selling 12,690 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in H World Group were worth $21,163,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HTHT. EverSource Wealth Advisors LLC grew its stake in shares of H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in H World Group in the third quarter valued at $66,000. Osaic Holdings Inc. raised its position in H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after purchasing an additional 2,037 shares during the last quarter. Tower Research Capital LLC TRC raised its position in H World Group by 1,307.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock worth $92,000 after purchasing an additional 2,523 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new position in H World Group during the 3rd quarter worth about $232,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Performance

Shares of H World Group stock opened at $55.67 on Friday. The business has a 50-day moving average price of $52.36 and a two-hundred day moving average price of $47.53. H World Group Limited Sponsored ADR has a 1-year low of $30.41 and a 1-year high of $56.63. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market cap of $17.14 billion, a P/E ratio of 24.74, a PEG ratio of 1.15 and a beta of 0.17.

H World Group (NASDAQ:HTHTGet Free Report) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a return on equity of 37.79% and a net margin of 20.05%.The company had revenue of $932.62 million for the quarter. As a group, analysts anticipate that H World Group Limited Sponsored ADR will post 1.65 EPS for the current year.

H World Group Dividend Announcement

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

Insider Activity

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 49.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HTHT. Benchmark increased 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. 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 upgraded H World Group from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research report on Friday, March 27th. Finally, UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $54.80.

Read Our Latest Analysis on H World Group

H World Group Company Profile

(Free Report)

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.

Further Reading

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