MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 7,530 Shares of H World Group Limited (NASDAQ:HTHT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in H World Group Limited (NASDAQ:HTHT - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,509 shares of the company's stock after selling 7,530 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in H World Group were worth $3,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Balyasny Asset Management L.P. bought a new position in shares of H World Group in the 4th quarter valued at $28,789,000. BNP Paribas Financial Markets increased its stake in shares of H World Group by 77.8% in the 4th quarter. BNP Paribas Financial Markets now owns 633,776 shares of the company's stock valued at $20,934,000 after purchasing an additional 277,393 shares during the last quarter. Ameriprise Financial Inc. grew its position in H World Group by 7.3% during the 4th quarter. Ameriprise Financial Inc. now owns 28,046 shares of the company's stock worth $926,000 after acquiring an additional 1,901 shares during the last quarter. Northern Trust Corp grew its position in H World Group by 155.5% during the 4th quarter. Northern Trust Corp now owns 1,107,353 shares of the company's stock worth $36,576,000 after acquiring an additional 674,000 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in H World Group by 24.2% during the 4th quarter. Voya Investment Management LLC now owns 14,061 shares of the company's stock worth $464,000 after acquiring an additional 2,737 shares during the last quarter. Institutional investors own 46.41% of the company's stock.

Analyst Upgrades and Downgrades

HTHT has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. HSBC lowered H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective on the stock. in a research report on Wednesday, February 5th. Finally, Hsbc Global Res lowered H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.80.

H World Group Price Performance

HTHT stock opened at $37.11 on Tuesday. The company has a market capitalization of $11.39 billion, a P/E ratio of 22.49, a PEG ratio of 1.28 and a beta of 0.45. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a fifty day moving average price of $35.65 and a 200-day moving average price of $34.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group Increases Dividend

The business also recently declared a -- dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were given a $0.95 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a positive change from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is 141.79%.

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.

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