H World Group Limited Sponsored ADR $HTHT Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. significantly reduced its stake in H World Group, selling 11,535,685 shares to own only 149,063 shares after a 98.7% decrease in holdings.
• H World Group recently announced a semi-annual dividend of $0.79, yielding 435.0%, with a payout ratio of 95.18%.
• Analysts have mixed views on H World Group stock, with recent upgrades from Zacks Research and Wall Street Zen changing ratings from "strong sell" to "buy" and "hold" to "buy," respectively.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 98.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,063 shares of the company's stock after selling 11,535,685 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in H World Group were worth $5,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HTHT. USA Financial Formulas purchased a new stake in H World Group in the 2nd quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in shares of H World Group in the 1st quarter valued at $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in H World Group during the first quarter worth $51,000. Taikang Asset Management Hong Kong Co Ltd acquired a new stake in H World Group during the first quarter valued at $189,000. Finally, Greenleaf Trust purchased a new position in H World Group in the first quarter valued at $226,000. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Trading Down 0.5%

Shares of H World Group stock opened at $38.31 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. H World Group Limited Sponsored ADR has a twelve month low of $30.13 and a twelve month high of $42.98. The firm has a market capitalization of $11.79 billion, a PE ratio of 23.08, a P/E/G ratio of 1.84 and a beta of 0.35. The firm's 50-day moving average price is $35.86 and its 200 day moving average price is $35.14.

H World Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HTHT. Zacks Research raised shares of H World Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 28th. Wall Street Zen raised H World Group from a "hold" rating to a "buy" rating in a report on Sunday, September 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of H World Group in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $40.80.

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.

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