DAVENPORT & Co LLC Boosts Stake in H World Group Limited Sponsored ADR $HTHT

Key Points

• DAVENPORT & Co LLC increased its stake in H World Group Limited by 28.3%, now holding a total of 44,831 shares worth approximately $1.52 million.
• H World Group recently declared a $0.79 dividend, which has a yield of 435.0% and a payout ratio of 95.18%.
• Analysts have mixed ratings on H World Group, with a consensus rating of "Hold" and an average target price of $40.80 per share.

DAVENPORT & Co LLC lifted its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,831 shares of the company's stock after purchasing an additional 9,876 shares during the quarter. DAVENPORT & Co LLC's holdings in H World Group were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HTHT. USA Financial Formulas purchased a new position in shares of H World Group in the second quarter worth $28,000. Brooklyn Investment Group purchased a new position in shares of H World Group in the first quarter worth $40,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of H World Group in the first quarter worth $51,000. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in H World Group during the first quarter valued at $189,000. Finally, Greenleaf Trust purchased a new stake in H World Group during the first quarter valued at $226,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

Shares of HTHT opened at $37.42 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $36.22 and a two-hundred day simple moving average of $35.17. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.81 and a beta of 0.35. H World Group Limited Sponsored ADR has a 52 week low of $30.13 and a 52 week high of $41.56.

H World Group Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, September 9th were given a $0.79 dividend. The ex-dividend date was Tuesday, September 9th. This represents a yield of 435.0%. H World Group's dividend payout ratio is presently 95.18%.

Analysts Set New Price Targets

HTHT has been the subject of a number of research reports. Wall Street Zen upgraded H World Group from a "hold" rating to a "buy" rating in a research report on Sunday, September 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of H World Group in a research report on Saturday, September 27th. Finally, Zacks Research upgraded H World Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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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