H World Group (NASDAQ:HTHT) Shares Gap Up – Here’s What Happened

H World Group Limited (NASDAQ:HTHT)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $37.01, but opened at $38.10. H World Group shares last traded at $37.16, with a volume of 175,956 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. HSBC downgraded 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 report 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 report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.68.

H World Group Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a market cap of $11.68 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The stock’s 50-day moving average is $35.58 and its 200-day moving average is $35.10.

H World Group Increases Dividend

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

Hedge Funds Weigh In On H World Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC bought a new position in H World Group in the first quarter valued at about $209,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in H World Group in the fourth quarter worth $1,255,000. Public Employees Retirement System of Ohio grew its holdings in shares of H World Group by 135.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 30,896 shares of the company’s stock valued at $1,020,000 after buying an additional 17,756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of H World Group by 6.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,496,643 shares of the company’s stock valued at $49,434,000 after buying an additional 95,737 shares during the period. Finally, Vident Advisory LLC increased its position in shares of H World Group by 27.2% in the 4th quarter. Vident Advisory LLC now owns 27,326 shares of the company’s stock valued at $903,000 after buying an additional 5,843 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

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.