APG Asset Management N.V. Has $1.22 Million Holdings in H World Group Limited Sponsored ADR $HTHT

Key Points

• APG Asset Management N.V. increased its stake in H World Group Limited by 24.5%, now holding shares worth approximately $1.22 million.
• Institutional investors significantly increased their holdings, including Mirae Asset Global Investments whose stake grew by 4,554.2%, now owning shares valued at over $432 million.
• H World Group announced a semi-annual dividend of $0.79 per share, yielding approximately 480.0%, with an upcoming ex-dividend date of September 9th.

APG Asset Management N.V. raised its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,593 shares of the company's stock after purchasing an additional 7,000 shares during the period. APG Asset Management N.V.'s holdings in H World Group were worth $1,219,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of H World Group by 4,554.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock valued at $432,453,000 after buying an additional 11,433,692 shares during the period. Temasek Holdings Private Ltd grew its stake in shares of H World Group by 87.2% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock valued at $136,002,000 after buying an additional 1,917,528 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of H World Group by 2,301.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,926,818 shares of the company's stock valued at $145,332,000 after buying an additional 3,763,295 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of H World Group by 625.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock valued at $70,578,000 after buying an additional 1,842,244 shares during the last quarter. Finally, Keystone Investors PTE Ltd. grew its holdings in shares of H World Group by 1,280.0% during the first quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock valued at $70,378,000 after buying an additional 1,763,789 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Stock Up 2.3%

Shares of NASDAQ HTHT opened at $36.48 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day moving average price of $33.32 and a 200-day moving average price of $34.85. H World Group Limited Sponsored ADR has a 1 year low of $28.27 and a 1 year high of $42.98. The stock has a market capitalization of $11.20 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.70 and a beta of 0.47.

H World Group Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 9th will be given a dividend of $0.79 per share. This represents a dividend yield of 480.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's dividend payout ratio (DPR) is presently 114.46%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price objective on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.80.

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.

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