H World Group (NASDAQ:HTHT) Stock Price Up 5.7%

H World Group Limited (NASDAQ:HTHT)’s share price rose 5.7% on Wednesday . The stock traded as high as $41.50 and last traded at $41.08. Approximately 594,351 shares were traded during trading, a decline of 68% from the average daily volume of 1,850,203 shares. The stock had previously closed at $38.86.

Analysts Set New Price Targets

Separately, Benchmark dropped their target price on shares of H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, H World Group has a consensus rating of “Moderate Buy” and an average target price of $47.80.

H World Group Stock Performance

The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 0.85 and a beta of 0.76. The company’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $34.35. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. On average, equities research analysts expect that H World Group Limited will post 1.81 earnings per share for the current year.

H World Group Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were issued a dividend of $0.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a yield of 3.9%. H World Group’s payout ratio is currently 75.16%.

Institutional Investors Weigh In On H World Group

A number of institutional investors have recently modified their holdings of HTHT. Schroder Investment Management Group increased its position in H World Group by 6.8% during the fourth quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock worth $548,080,000 after acquiring an additional 1,039,888 shares during the period. Vanguard Group Inc. grew its position in shares of H World Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,432,587 shares of the company’s stock worth $281,986,000 after purchasing an additional 27,629 shares in the last quarter. Capital International Investors grew its position in shares of H World Group by 192.4% during the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company’s stock worth $220,188,000 after purchasing an additional 3,744,106 shares in the last quarter. Capital International Inc. CA increased its holdings in shares of H World Group by 57.7% during the first quarter. Capital International Inc. CA now owns 1,803,048 shares of the company’s stock worth $69,778,000 after purchasing an additional 659,914 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of H World Group by 80.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock valued at $58,067,000 after buying an additional 669,200 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

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.