Goldman Sachs Group Inc. Reduces Stock Position in H World Group Limited Sponsored ADR $HTHT

Key Points

• Goldman Sachs Group Inc. has decreased its holdings in H World Group Limited by 3.5%, now owning approximately 0.91% of the company with a total value of $102.9 million.
• The company recently announced a semi-annual dividend of $0.79 per share, resulting in an impressive dividend yield of 435.0%.
• Analyst ratings for H World Group show a consensus of "Moderate Buy" with a price target of $40.80, with three analysts rating it as a Buy and three as a Hold.

Goldman Sachs Group Inc. lessened its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 3.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,780,790 shares of the company's stock after selling 100,530 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.91% of H World Group worth $102,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of H World Group by 7.3% in the 4th quarter. Ameriprise Financial Inc. now owns 28,046 shares of the company's stock worth $926,000 after acquiring an additional 1,901 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of H World Group by 625.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock worth $70,578,000 after acquiring an additional 1,842,244 shares in the last quarter. Triata Capital Ltd bought a new position in shares of H World Group in the 4th quarter worth about $6,910,000. Temasek Holdings Private Ltd raised its position in shares of H World Group by 87.2% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock worth $136,002,000 after acquiring an additional 1,917,528 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of H World Group by 27.2% in the 4th quarter. Vident Advisory LLC now owns 27,326 shares of the company's stock worth $903,000 after acquiring an additional 5,843 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research raised H World Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. decreased their target price 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. Finally, Wall Street Zen raised H World Group from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.80.

H World Group Stock Performance

Shares of NASDAQ HTHT traded down $0.13 during midday trading on Thursday, reaching $38.09. The company's stock had a trading volume of 1,298,011 shares, compared to its average volume of 2,136,709. H World Group Limited Sponsored ADR has a 12-month low of $28.95 and a 12-month high of $42.98. The firm has a 50 day moving average price of $34.46 and a 200-day moving average price of $35.02. The stock has a market capitalization of $11.69 billion, a P/E ratio of 22.95, a PEG ratio of 1.83 and a beta of 0.35. 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 business also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, September 9th. This represents a dividend yield of 435.0%. H World Group's dividend payout ratio is currently 95.18%.

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.