Temasek Holdings Private Ltd Grows Stock Position in H World Group Limited Sponsored ADR $HTHT

Key Points

• Temasek Holdings increased its stake in H World Group Limited by 66.5% during Q1, now owning approximately $253.75 million worth of shares.
• Multiple hedge funds, including Mirae Asset Global Investments and Mitsubishi UFJ Trust & Banking Corp, substantially increased their holdings in H World Group, reflecting a growing institutional interest.
• H World Group recently declared a semi-annual dividend of $0.79 per share, resulting in a notable yield of 480.0%.

Temasek Holdings Private Ltd lifted its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 66.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,856,300 shares of the company's stock after buying an additional 2,738,772 shares during the period. H World Group makes up approximately 1.0% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 21st biggest holding. Temasek Holdings Private Ltd owned 2.23% of H World Group worth $253,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in H World Group in the 1st quarter valued at about $40,000. Caitong International Asset Management Co. Ltd purchased a new position in H World Group during the first quarter worth about $51,000. Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of H World Group during the first quarter worth $189,000. Confluence Investment Management LLC acquired a new stake in shares of H World Group during the first quarter worth $209,000. Finally, Greenleaf Trust bought a new stake in shares of H World Group during the 1st quarter worth about $226,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of H World Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. cut their target price on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Finally, Zacks Research upgraded shares of H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Trading Down 0.4%

H World Group stock traded down $0.14 during trading hours on Wednesday, hitting $37.07. The stock had a trading volume of 1,428,130 shares, compared to its average volume of 2,041,205. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 1.83 and a beta of 0.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. H World Group Limited Sponsored ADR has a one year low of $28.27 and a one year high of $42.98. The business's 50 day simple moving average is $33.93 and its 200-day simple moving average is $34.95.

H World Group Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 9th will be given a dividend of $0.79 per share. This represents a dividend yield of 435.0%. The ex-dividend date is Tuesday, September 9th. H World Group's payout ratio is presently 114.46%.

H World Group 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.