Hsbc Holdings PLC Decreases Stake in H World Group Limited Sponsored ADR $HTHT

Key Points

• HSBC Holdings PLC reduced its stake in H World Group by 4.1%, now owning approximately 1.16 million shares valued at about $42.84 million.
• Other investors, like Mirae Asset Global Investments, significantly increased their holdings in H World Group, with a rise of over 4,500% in shares.
• H World Group announced a semi-annual dividend of $0.79 per share, yielding 480.0%, with a payout ratio of 114.46% and an ex-dividend date of September 9th.

Hsbc Holdings PLC lowered its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,157,448 shares of the company's stock after selling 49,528 shares during the period. Hsbc Holdings PLC owned approximately 0.38% of H World Group worth $42,837,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of H World Group during the 1st quarter valued at about $40,000. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group during the 1st quarter valued at about $51,000. Confluence Investment Management LLC bought a new position in shares of H World Group during the 1st quarter valued at about $209,000. Greenleaf Trust bought a new position in shares of H World Group during the 1st quarter valued at about $226,000. Finally, US Bancorp DE increased its position in shares of H World Group by 36.4% during the 1st quarter. US Bancorp DE now owns 6,600 shares of the company's stock valued at $244,000 after purchasing an additional 1,761 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Down 1.6%

Shares of HTHT stock traded down $0.59 during mid-day trading on Monday, hitting $35.65. The company's stock had a trading volume of 1,673,563 shares, compared to its average volume of 2,035,811. H World Group Limited Sponsored ADR has a 52-week low of $28.27 and a 52-week high of $42.98. The business has a 50-day moving average price of $33.24 and a 200 day moving average price of $34.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.73 and a beta of 0.47.

H World Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th will be paid a $0.79 dividend. The ex-dividend date is Tuesday, September 9th. This represents a dividend yield of 480.0%. H World Group's payout ratio is currently 95.18%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group 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.