Rakuten Investment Management Inc. Purchases 11,087 Shares of H World Group Limited Sponsored ADR $HTHT

Rakuten Investment Management Inc. acquired a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,087 shares of the company’s stock, valued at approximately $478,000.

A number of other institutional investors also recently added to or reduced their stakes in HTHT. Headlands Technologies LLC raised its holdings in H World Group by 253.8% in the second quarter. Headlands Technologies LLC now owns 17,070 shares of the company’s stock worth $712,000 after purchasing an additional 12,245 shares in the last quarter. National Pension Service lifted its position in shares of H World Group by 64.8% during the second quarter. National Pension Service now owns 102,774 shares of the company’s stock valued at $4,288,000 after buying an additional 40,405 shares during the last quarter. Nykredit A S bought a new stake in shares of H World Group in the 2nd quarter valued at about $4,572,000. Barings LLC bought a new stake in shares of H World Group in the 1st quarter valued at about $8,356,000. Finally, Sei Investments Co. boosted its holdings in shares of H World Group by 263.2% in the 1st quarter. Sei Investments Co. now owns 694,986 shares of the company’s stock valued at $34,951,000 after buying an additional 503,629 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HTHT has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Benchmark reissued a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of H World Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, H World Group has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Price Performance

Shares of HTHT stock opened at $51.04 on Monday. H World Group Limited Sponsored ADR has a 1-year low of $39.86 and a 1-year high of $56.63. The stock’s fifty day moving average price is $44.98 and its 200 day moving average price is $46.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.80 and a beta of 0.12.

H World Group (NASDAQ:HTHT) last announced its earnings results on Friday, August 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. H World Group had a return on equity of 41.05% and a net margin of 18.90%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $998.88 million. On average, research analysts expect that H World Group Limited Sponsored ADR will post 2.49 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a $0.87 dividend. This represents a dividend yield of 394.0%. The ex-dividend date of this dividend was Tuesday, September 8th. This is a decrease from H World Group’s previous dividend of $1.30. H World Group’s payout ratio is 74.89%.

About H World Group

H World Group Limited is a hotel company that develops, operates, franchises and manages hotels. Its business includes both directly operated properties and hotels run by third-party owners under its brands and management or franchise arrangements.

The company’s portfolio includes brands serving different market segments, such as HanTing, JI Hotel and Crystal Orange in China, as well as Steigenberger, IntercityHotel and Zleep Hotels through its European operations. Its offerings range from economy and midscale lodging to upscale hotels.

Founded in China in 2005 as Huazhu, the company later adopted the name H World Group.