MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 30,773 Shares of H World Group Limited Sponsored ADR $HTHT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its shareholding in H World Group Limited by 27.4%, acquiring an additional 30,773 shares, leading to a total of 143,282 shares valued at approximately $5.3 million.
• Several investment firms, including China Universal Asset Management and Keystone Investors PTE Ltd., significantly increased their positions in H World Group during the same quarter, highlighting strong institutional interest in the company.
• H World Group's stock has a consensus rating of "Moderate Buy" with a price target adjusted to $40.80, while it also announced a semi-annual dividend of $0.79 per share, yielding 435.0% as of the recent announcement.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 27.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 143,282 shares of the company's stock after buying an additional 30,773 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in H World Group were worth $5,303,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of H World Group during the first quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of H World Group during the first quarter valued at approximately $51,000. Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of H World Group during the first quarter valued at approximately $189,000. Confluence Investment Management LLC purchased a new position in shares of H World Group during the first quarter valued at approximately $209,000. Finally, Greenleaf Trust purchased a new position in shares of H World Group during the first quarter valued at approximately $226,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HTHT has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Zacks Research raised shares of H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Finally, Wall Street Zen raised shares of H World Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, H World Group has a consensus rating of "Moderate Buy" and an average price target of $40.80.

H World Group Stock Performance

NASDAQ HTHT traded up $1.13 during trading hours on Wednesday, hitting $38.22. 4,575,328 shares of the company's stock traded hands, compared to its average volume of 2,172,976. The business's fifty day moving average price is $34.38 and its two-hundred day moving average price is $35.01. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $11.73 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.77 and a beta of 0.35. H World Group Limited Sponsored ADR has a 52 week low of $28.38 and a 52 week high of $42.98.

H World Group Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 9th will be given a $0.79 dividend. This represents a dividend yield of 435.0%. The ex-dividend date is Tuesday, September 9th. H World Group's dividend payout ratio is presently 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.