H World Group (NASDAQ:HTHT) Stock Price Down 3.9% - Here's Why

H World Group Limited (NASDAQ:HTHT - Get Free Report) was down 3.9% during mid-day trading on Friday . The company traded as low as $34.43 and last traded at $34.40. Approximately 171,273 shares were traded during trading, a decline of 91% from the average daily volume of 2,005,450 shares. The stock had previously closed at $35.81.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HTHT shares. JPMorgan Chase & Co. dropped their price target on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.80.

H World Group Stock Down 0.5%

The company's 50 day moving average price is $35.09 and its two-hundred day moving average price is $34.55. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a market cap of $10.72 billion, a P/E ratio of 21.16, a PEG ratio of 1.28 and a beta of 0.48.

H World Group Increases Dividend

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

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in H World Group by 7.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock worth $349,000 after acquiring an additional 646 shares during the period. DnB Asset Management AS raised its stake in H World Group by 5.6% during the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock worth $485,000 after acquiring an additional 784 shares during the period. Rhumbline Advisers raised its position in shares of H World Group by 2.3% during the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after buying an additional 791 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of H World Group by 2.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company's stock valued at $1,462,000 after buying an additional 800 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after buying an additional 845 shares during the last quarter. Institutional investors own 46.41% of the company's stock.

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.