H World Group Limited Sponsored ADR $HTHT Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in H World Group Limited by 20.7%, owning a total of 78,253 shares valued at $2.9 million following additional purchases.
• JPMorgan Chase & Co. downgraded the price target for H World Group from $43.00 to $42.00, while the stock currently has a consensus rating of "Moderate Buy" with a target price of $40.80.
• H World Group Limited's stock opened at $33.35 with a market capitalization of $10.24 billion, reflecting strong institutional interest in the company.

Public Sector Pension Investment Board raised its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,253 shares of the company's stock after buying an additional 13,400 shares during the quarter. Public Sector Pension Investment Board's holdings in H World Group were worth $2,896,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in H World Group by 7.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock valued at $349,000 after buying an additional 646 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in H World Group by 2.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company's stock valued at $1,462,000 after buying an additional 800 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in H World Group by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 33,926 shares of the company's stock valued at $1,256,000 after buying an additional 1,684 shares in the last quarter. US Bancorp DE grew its holdings in H World Group by 36.4% in the 1st quarter. US Bancorp DE now owns 6,600 shares of the company's stock valued at $244,000 after buying an additional 1,761 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in H World Group by 7.3% in the 4th quarter. Ameriprise Financial Inc. now owns 28,046 shares of the company's stock valued at $926,000 after buying an additional 1,901 shares in the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Trading Down 1.6%

Shares of NASDAQ:HTHT traded down $0.59 during midday trading on Monday, reaching $35.65. 1,673,563 shares of the company's stock were exchanged, compared to its average volume of 2,410,475. The firm's 50 day simple moving average is $33.27 and its two-hundred day simple moving average is $34.84. H World Group Limited Sponsored ADR has a fifty-two week low of $28.27 and a fifty-two week high of $42.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.73 and a beta of 0.47.

H World Group Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 9th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a yield of 480.0%. H World Group's dividend payout ratio is presently 114.46%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, H World Group has an average rating of "Moderate Buy" and a consensus price target 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.