Nuveen Asset Management LLC Acquires 1,842,244 Shares of H World Group Limited (NASDAQ:HTHT)

Nuveen Asset Management LLC increased its holdings in H World Group Limited (NASDAQ:HTHT - Free Report) by 625.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,136,770 shares of the company's stock after purchasing an additional 1,842,244 shares during the period. Nuveen Asset Management LLC owned 0.68% of H World Group worth $70,578,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in H World Group by 18.4% in the 4th quarter. Capital International Investors now owns 9,334,577 shares of the company's stock worth $308,321,000 after purchasing an additional 1,452,364 shares in the last quarter. Capital Research Global Investors purchased a new position in H World Group in the 4th quarter worth approximately $307,715,000. Geode Capital Management LLC lifted its holdings in H World Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company's stock worth $43,276,000 after purchasing an additional 32,409 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in H World Group by 33.4% in the 4th quarter. Hsbc Holdings PLC now owns 1,206,976 shares of the company's stock worth $39,866,000 after purchasing an additional 302,514 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in H World Group by 1,325.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company's stock worth $38,092,000 after purchasing an additional 1,072,366 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

H World Group Price Performance

Shares of HTHT traded up $0.81 during mid-day trading on Friday, hitting $36.26. 2,158,575 shares of the stock were exchanged, compared to its average volume of 2,037,241. The company has a market cap of $11.13 billion, a PE ratio of 21.98, a price-to-earnings-growth 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 firm has a 50-day moving average of $35.53 and a two-hundred day moving average 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. Investors of record on Wednesday, April 9th were issued a dividend of $0.95 per share. This represents a 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 dividend payout ratio is presently 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.