H World Group Limited Sponsored ADR $HTHT Shares Acquired by AIA Group Ltd

Key Points

• AIA Group increased its H World Group stake by 13.6% in the third quarter, adding 25,145 shares and bringing its holding to 210,449 shares, valued at about $9 million.
• H World Group reported quarterly EPS of $0.78, beating estimates of $0.74, and revenue of $1.05 billion, above analyst expectations of about $999 million.
• Analysts give the stock a “Moderate Buy” consensus with an average price target of $61.20. The company also reduced its dividend from $1.30 to $0.87 per share.

AIA Group Ltd increased its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,449 shares of the company's stock after purchasing an additional 25,145 shares during the quarter. AIA Group Ltd owned approximately 0.07% of H World Group worth $9,007,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of H World Group during the 3rd quarter worth about $260,000. Profund Advisors LLC raised its stake in H World Group by 5.8% in the third quarter. Profund Advisors LLC now owns 13,038 shares of the company's stock valued at $558,000 after buying an additional 716 shares during the period. Vise Technologies Inc. lifted its position in shares of H World Group by 15.3% in the third quarter. Vise Technologies Inc. now owns 6,540 shares of the company's stock valued at $280,000 after buying an additional 868 shares during the last quarter. Summit Global Investments acquired a new stake in shares of H World Group in the third quarter valued at approximately $733,000. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of H World Group by 52.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,416 shares of the company's stock worth $574,000 after acquiring an additional 4,589 shares during the period. Institutional investors own 46.41% of the company's stock.

Analyst Ratings Changes

HTHT has been the subject of several research reports. Benchmark reaffirmed a "buy" rating on shares of H World Group in a report on Tuesday, August 18th. Wall Street Zen cut shares of H World Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Finally, Weiss Ratings upgraded shares of H World Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.20.

H World Group Trading Up 1.0%

HTHT stock opened at $48.91 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21. The company's 50-day simple moving average is $44.88 and its 200 day simple moving average is $46.96. H World Group Limited Sponsored ADR has a 52 week low of $39.09 and a 52 week high of $56.63. The company has a market capitalization of $15.43 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.71 and a beta of 0.12.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. As a group, sell-side analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 earnings per share for the current year.

H World Group Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $0.87 dividend. This represents a dividend yield of 394.0%. This is a decrease from H World Group's previous dividend of $1.30. The ex-dividend date of this dividend was Tuesday, September 8th. H World Group's dividend payout ratio (DPR) is currently 74.89%.

About H World Group

H World Group Limited is a hospitality company that operates, leases, franchises and manages a broad portfolio of hotels. The company serves business and leisure travelers through brands positioned across the economy, midscale, upscale and luxury segments, with accommodations ranging from limited-service hotels to full-service and resort properties.

Its portfolio includes Chinese brands such as HanTing Hotel, JI Hotel, Orange Hotel, Starway Hotel, Hi Inn, Elan Hotel, Manxin Hotel and CitiGO, as well as international brands including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.

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