Pictet Asset Management Holding SA Raises Stock Holdings in H World Group Limited Sponsored ADR $HTHT

by · The Cerbat Gem

Pictet Asset Management Holding SA boosted its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHTFree Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 258,062 shares of the company’s stock after buying an additional 13,300 shares during the quarter. Pictet Asset Management Holding SA owned 0.08% of H World Group worth $12,142,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HTHT. Rhumbline Advisers increased its position in shares of H World Group by 1.3% during the 3rd quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock valued at $1,068,000 after purchasing an additional 352 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of H World Group by 1.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 33,228 shares of the company’s stock valued at $1,300,000 after purchasing an additional 466 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the last quarter. AQR Capital Management LLC increased its position in shares of H World Group by 11.2% during the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after purchasing an additional 936 shares during the last quarter. Finally, Vident Advisory LLC increased its position in shares of H World Group by 7.9% during the 3rd quarter. Vident Advisory LLC now owns 16,404 shares of the company’s stock valued at $642,000 after purchasing an additional 1,194 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Insider Transactions at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 49.40% of the company’s stock.

H World Group Trading Down 1.4%

H World Group stock opened at $50.92 on Friday. The firm has a 50 day moving average of $52.21 and a 200 day moving average of $48.49. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.07 and a beta of 0.15. H World Group Limited Sponsored ADR has a 12-month low of $30.41 and a 12-month high of $56.63. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27.

H World Group (NASDAQ:HTHTGet Free Report) last released its earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $932.62 million during the quarter. H World Group had a net margin of 20.05% and a return on equity of 37.79%. As a group, research analysts predict that H World Group Limited Sponsored ADR will post 2.5 earnings per share for the current year.

H World Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be issued a $1.30 dividend. This represents a yield of 518.0%. The ex-dividend date of this dividend is Monday, May 4th. H World Group’s dividend payout ratio is currently 70.22%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HTHT. Benchmark upped their price target on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research report on Friday, March 27th. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research report on Monday, March 9th. Finally, Zacks Research raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, H World Group has a consensus rating of “Buy” and a consensus target price of $54.80.

View Our Latest Research Report on H World Group

H World Group Profile

(Free Report)

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.

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