H World Group Limited (NASDAQ:HTHT) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 33.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,206,976 shares of the company's stock after purchasing an additional 302,514 shares during the quarter. Hsbc Holdings PLC owned approximately 0.39% of H World Group worth $39,866,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after buying an additional 650 shares during the last quarter. DnB Asset Management AS lifted its holdings in shares of H World Group by 5.6% in the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock valued at $485,000 after purchasing an additional 784 shares during the last quarter. Rhumbline Advisers boosted its position in shares of H World Group by 2.3% in the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after purchasing an additional 791 shares during the period. US Bancorp DE grew its stake in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after buying an additional 845 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after buying an additional 936 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

Shares of HTHT stock traded down $0.15 during mid-day trading on Thursday, hitting $34.09. The stock had a trading volume of 327,520 shares, compared to its average volume of 2,189,674. The firm has a market cap of $10.68 billion, a PE ratio of 20.66, a PEG ratio of 1.28 and a beta of 0.60. The company's 50-day simple moving average is $35.60 and its 200-day simple moving average is $34.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98.

H World Group Increases Dividend

The firm also recently disclosed 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 was Wednesday, April 9th. This is a positive change from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is currently 141.79%.

Wall Street Analyst Weigh In

HTHT has been the topic of a number of research reports. Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Finally, HSBC lowered H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, H World Group has an average rating of "Moderate Buy" and a consensus price target of $42.80.

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.