H World Group Limited Sponsored ADR $HTHT Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in H World Group by 38.8%, now holding $17.39 million worth of shares after selling nearly 300,000 shares in the first quarter.
• H World Group announced a semi-annual dividend of $0.79 per share, with a record date on September 9th and a significant dividend yield of 480.0%.
• Analysts have issued mixed ratings on H World Group, with a consensus rating of "Moderate Buy" and an average price target of $40.80, following recent adjustments by firms such as JPMorgan.

Canada Pension Plan Investment Board lessened its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,971 shares of the company's stock after selling 297,529 shares during the period. Canada Pension Plan Investment Board owned 0.15% of H World Group worth $17,394,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in H World Group during the 1st quarter valued at about $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in H World Group during the 1st quarter valued at about $51,000. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in H World Group during the 1st quarter valued at about $189,000. Confluence Investment Management LLC purchased a new stake in H World Group during the 1st quarter valued at about $209,000. Finally, Greenleaf Trust purchased a new stake in H World Group during the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Trading Up 3.3%

Shares of NASDAQ HTHT traded up $1.21 during midday trading on Friday, reaching $37.60. 1,928,483 shares of the stock were exchanged, compared to its average volume of 2,296,155. The company has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $34.94. The stock has a market capitalization of $11.54 billion, a P/E ratio of 22.65, a PEG ratio of 1.80 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. H World Group Limited Sponsored ADR has a twelve month low of $28.27 and a twelve month high of $42.98.

H World Group Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HTHT. JPMorgan Chase & Co. dropped 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 research note on Wednesday, May 21st. Zacks Research upgraded shares of H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of H World Group from a "hold" rating to a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.