H World Group (NASDAQ:HTHT) Shares Down 3.9% - What's Next?

H World Group Limited (NASDAQ:HTHT - Get Free Report) shares dropped 3.9% during trading on Friday . The company traded as low as $34.43 and last traded at $34.40. Approximately 171,273 shares traded hands during mid-day 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

HTHT has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, H World Group currently has an average rating of "Moderate Buy" and an average price target of $40.80.

H World Group Stock Performance

The company has a 50 day moving average price of $35.14 and a 200-day moving average price of $34.58. 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 company has a market cap of $10.77 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.45.

H World Group Increases Dividend

The company also recently announced a -- dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were issued a $0.95 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend 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 presently 131.94%.

Institutional Investors Weigh In On H World Group

A number of institutional investors have recently added to or reduced their stakes in the business. Waverton Investment Management Ltd acquired a new stake in shares of H World Group in the fourth quarter valued at about $6,076,000. Northern Trust Corp raised its stake in H World Group by 155.5% during the 4th quarter. Northern Trust Corp now owns 1,107,353 shares of the company's stock worth $36,576,000 after buying an additional 674,000 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of H World Group by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock worth $8,292,000 after purchasing an additional 131,189 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of H World Group during the fourth quarter valued at about $1,618,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in H World Group by 136.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 122,082 shares of the company's stock worth $4,032,000 after purchasing an additional 70,440 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

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.