ABS Direct Equity Fund LLC Cuts Holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

ABS Direct Equity Fund LLC trimmed its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,294 shares of the company's stock after selling 26,100 shares during the quarter. ABS Direct Equity Fund LLC's holdings in H World Group were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HTHT. Waverton Investment Management Ltd purchased a new stake in H World Group during the fourth quarter worth $6,076,000. Northern Trust Corp grew its position in shares of H World Group by 155.5% during the 4th quarter. Northern Trust Corp now owns 1,107,353 shares of the company's stock valued at $36,576,000 after acquiring an additional 674,000 shares during the period. RV Capital AG increased its stake in shares of H World Group by 7.0% in the 1st quarter. RV Capital AG now owns 659,652 shares of the company's stock valued at $24,414,000 after purchasing an additional 43,315 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of H World Group in the 4th quarter valued at about $1,618,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in H World Group by 136.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 122,082 shares of the company's stock worth $4,032,000 after purchasing an additional 70,440 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HTHT has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target 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. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, H World Group has a consensus rating of "Moderate Buy" and an average price target of $40.80.

H World Group Price Performance

Shares of HTHT stock traded down $0.48 during trading hours on Wednesday, reaching $33.32. The company had a trading volume of 1,334,970 shares, compared to its average volume of 2,007,734. H World Group Limited Sponsored ADR has a 12-month low of $27.03 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 company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.25 and a beta of 0.48. The stock has a fifty day moving average of $35.26 and a 200-day moving average of $34.60.

H World Group Increases Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.95 per share. This is a boost from H World Group's previous -- dividend of $0.34. The ex-dividend date was Wednesday, April 9th. This represents a yield of 4.1%. H World Group's dividend payout ratio (DPR) is 131.94%.

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.