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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,509 shares of the company's stock after selling 7,530 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in H World Group were worth $3,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. bought a new position in shares of H World Group during the 4th quarter valued at about $33,000. US Bancorp DE lifted its holdings in shares of H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after acquiring an additional 845 shares during the last quarter. Blue Trust Inc. lifted its holdings in H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after buying an additional 650 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of H World Group in the fourth quarter valued at about $196,000. Finally, Mariner LLC increased its holdings in H World Group by 33.8% in the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. HSBC cut shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target for the company. in a research report on Wednesday, February 5th. Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley reissued an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.80.

H World Group Stock Up 2.3%

HTHT stock traded up $0.81 during trading on Friday, reaching $36.26. 2,158,575 shares of the stock were exchanged, compared to its average volume of 2,037,492. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The firm has a market cap of $11.13 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.28 and a beta of 0.45. The firm's 50 day moving average is $35.53 and its 200 day moving average is $34.60.

H World Group Increases Dividend

The business also recently announced a -- dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.95 per share. This is a positive change from H World Group's previous -- dividend of $0.34. This represents a dividend yield of 4.1%. The ex-dividend date was Wednesday, April 9th. H World Group's dividend payout ratio is 131.94%.

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.