State of New Jersey Common Pension Fund D Purchases 36,379 Shares of H World Group Limited Sponsored ADR $HTHT

Key Points

• State of New Jersey Common Pension Fund D increased its stake in H World Group (NASDAQ:HTHT) by 12.9%, purchasing 36,379 shares to hold 317,483 shares valued at about $14.94 million (roughly 0.10% of the company).
• Director Theng Fong Hee sold 31,640 shares at an average price of $50.96 for approximately $1.61 million, and corporate insiders collectively own about 49.4% of the stock.
• H World reported quarterly EPS of $0.06 on revenue of $932.6 million, has a $15.68 billion market cap and a consensus analyst rating of Buy with a $54.80 target, and announced a $1.30 dividend payable May 20 (record May 4).

State of New Jersey Common Pension Fund D lifted its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,483 shares of the company's stock after buying an additional 36,379 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of H World Group worth $14,938,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its holdings in H World Group by 5.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 258,062 shares of the company's stock worth $12,142,000 after purchasing an additional 13,300 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of H World Group by 67.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 142,947 shares of the company's stock worth $6,726,000 after buying an additional 57,751 shares during the last quarter. Bayforest Capital Ltd boosted its stake in shares of H World Group by 2,919.1% during the 4th quarter. Bayforest Capital Ltd now owns 5,374 shares of the company's stock worth $253,000 after buying an additional 5,196 shares during the last quarter. KBC Group NV boosted its stake in shares of H World Group by 46.0% during the 4th quarter. KBC Group NV now owns 87,221 shares of the company's stock worth $4,104,000 after buying an additional 27,466 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of H World Group by 1,712.7% during the 4th quarter. Assetmark Inc. now owns 3,009 shares of the company's stock worth $142,000 after buying an additional 2,843 shares during the last quarter. Institutional investors own 46.41% of the company's stock.

Insiders Place Their Bets

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a document filed with the SEC, which is available at this link. 49.40% of the stock is owned by corporate insiders.

H World Group Stock Down 1.4%

Shares of HTHT opened at $50.92 on Friday. The firm's 50 day moving average is $52.21 and its 200-day moving average is $48.41. The stock has a market capitalization of $15.68 billion, a PE ratio of 22.63, a P/E/G ratio of 1.08 and a beta of 0.17. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. H World Group Limited Sponsored ADR has a 12 month low of $30.41 and a 12 month high of $56.63.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $932.62 million for the quarter. H World Group had a net margin of 20.05% and a return on equity of 37.79%. Equities research analysts forecast that H World Group Limited Sponsored ADR will post 2.5 EPS for the current year.

H World Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be paid a $1.30 dividend. This represents a yield of 518.0%. The ex-dividend date of this dividend is Monday, May 4th. H World Group's dividend payout ratio (DPR) is 113.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HTHT. Zacks Research upgraded shares of H World Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 19th. Wall Street Zen upgraded shares of H World Group from a "hold" rating to a "buy" rating in a research note on Monday, March 23rd. Benchmark raised their target price on shares of H World Group from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Weiss Ratings reiterated a "buy (b-)" rating on shares of H World Group in a research note on Friday, March 27th. Finally, UBS Group raised shares of H World Group from a "neutral" rating to a "buy" rating and set a $62.40 price target on the stock in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, H World Group has a consensus rating of "Buy" and a consensus price target of $54.80.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.

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