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

Key Points

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Carmignac Gestion grew its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 22.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,818 shares of the company's stock after buying an additional 104,097 shares during the period. Carmignac Gestion owned approximately 0.19% of H World Group worth $21,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HTHT. Brooklyn Investment Group bought a new stake in shares of H World Group in the 1st quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of H World Group in the 1st quarter worth approximately $51,000. Confluence Investment Management LLC bought a new stake in shares of H World Group in the 1st quarter worth approximately $209,000. Greenleaf Trust bought a new stake in shares of H World Group in the 1st quarter worth approximately $226,000. Finally, US Bancorp DE lifted its holdings in shares of H World Group by 36.4% in the 1st quarter. US Bancorp DE now owns 6,600 shares of the company's stock worth $244,000 after acquiring an additional 1,761 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Trading Up 2.2%

NASDAQ:HTHT traded up $0.77 during midday trading on Thursday, reaching $35.93. 4,892,967 shares of the stock traded hands, compared to its average volume of 2,250,672. The company has a fifty day moving average of $33.18 and a 200 day moving average of $34.74. H World Group Limited Sponsored ADR has a 12 month low of $28.27 and a 12 month high of $42.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $11.03 billion, a P/E ratio of 21.64, a PEG ratio of 1.70 and a beta of 0.47.

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 issued a dividend of $0.79 per share. This represents a yield of 480.0%. The ex-dividend date is Tuesday, September 9th. H World Group's dividend payout ratio is currently 131.94%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered 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 assigned a Hold rating to the company. Based on data from MarketBeat, H World Group presently 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.