Legal & General Group Plc Sells 584,274 Shares of H World Group Limited (NASDAQ:HTHT)

Legal & General Group Plc trimmed its holdings in H World Group Limited (NASDAQ:HTHT) by 34.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,104,415 shares of the company’s stock after selling 584,274 shares during the quarter. Legal & General Group Plc’s holdings in H World Group were worth $36,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HTHT. Envestnet Asset Management Inc. grew its position in H World Group by 41.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 9,446 shares of the company’s stock worth $312,000 after purchasing an additional 2,774 shares during the period. Aviva PLC grew its holdings in shares of H World Group by 1.8% in the fourth quarter. Aviva PLC now owns 137,800 shares of the company’s stock worth $4,552,000 after acquiring an additional 2,400 shares during the period. Resona Asset Management Co. Ltd. bought a new position in H World Group in the fourth quarter valued at about $1,618,000. Prudential PLC lifted its holdings in H World Group by 27.2% in the fourth quarter. Prudential PLC now owns 111,819 shares of the company’s stock valued at $3,693,000 after acquiring an additional 23,914 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in H World Group by 136.4% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HTHT shares. HSBC cut shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective on the stock. in a research note on Wednesday, February 5th. Hsbc Global Res cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, H World Group has a consensus rating of “Moderate Buy” and an average price target of $44.68.

H World Group Stock Performance

Shares of NASDAQ HTHT opened at $32.40 on Friday. The stock has a market cap of $10.15 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The firm has a fifty day moving average price of $35.63 and a 200-day moving average price of $35.23. 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 Increases Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.95 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from H World Group’s previous — dividend of $0.34. H World Group’s dividend payout ratio is presently 141.79%.

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.