Northern Trust Corp Purchases 674,000 Shares of H World Group Limited (NASDAQ:HTHT)

Northern Trust Corp boosted its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 155.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,107,353 shares of the company's stock after purchasing an additional 674,000 shares during the quarter. Northern Trust Corp owned about 0.35% of H World Group worth $36,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

H World Group Price Performance

HTHT stock opened at $37.59 on Friday. The firm has a market cap of $11.54 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.28 and a beta of 0.45. The firm's fifty day moving average is $35.59 and its 200 day moving average is $34.70. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group Increases Dividend

The business also recently announced 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 of this dividend 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 141.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. 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. Finally, HSBC downgraded H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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