Carmignac Gestion Acquires 104,097 Shares of H World Group Limited Sponsored ADR $HTHT

Key Points

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Carmignac Gestion increased its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 570,818 shares of the company's stock after buying an additional 104,097 shares during the period. Carmignac Gestion owned about 0.19% of H World Group worth $21,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triata Capital Ltd lifted its holdings in shares of H World Group by 38.6% during the first quarter. Triata Capital Ltd now owns 290,035 shares of the company's stock worth $10,734,000 after purchasing an additional 80,822 shares during the period. Northern Trust Corp raised its position in H World Group by 14.2% during the 1st quarter. Northern Trust Corp now owns 1,264,397 shares of the company's stock worth $46,795,000 after purchasing an additional 157,044 shares during the last quarter. Brooklyn Investment Group bought a new position in H World Group during the 1st quarter worth $40,000. American Century Companies Inc. lifted its holdings in H World Group by 7.3% during the 1st quarter. American Century Companies Inc. now owns 214,151 shares of the company's stock worth $7,926,000 after buying an additional 14,651 shares during the period. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of H World Group in the 1st quarter valued at about $814,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Trading Up 0.9%

Shares of H World Group stock traded up $0.31 on Friday, hitting $36.24. 1,808,021 shares of the company's stock traded hands, compared to its average volume of 2,410,475. The company has a fifty day moving average of $33.24 and a two-hundred day moving average of $34.82. H World Group Limited Sponsored ADR has a one year low of $28.27 and a one year high of $42.98. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81.

H World Group Announces Dividend

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 paid a dividend of $0.79 per share. This represents a yield of 480.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's dividend payout ratio is 114.46%.

Analysts Set New Price Targets

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

H World Group Company 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.