APG Asset Management N.V. Purchases 49,643 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

APG Asset Management N.V. increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 116.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,239 shares of the company's stock after purchasing an additional 49,643 shares during the quarter. APG Asset Management N.V.'s holdings in Hilton Worldwide were worth $22,016,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC lifted its position in shares of Hilton Worldwide by 5.1% during the 4th quarter. Advisory Services Network LLC now owns 2,553 shares of the company's stock valued at $631,000 after buying an additional 124 shares in the last quarter. Abacus FCF Advisors LLC lifted its holdings in Hilton Worldwide by 71.4% during the fourth quarter. Abacus FCF Advisors LLC now owns 29,346 shares of the company's stock valued at $7,253,000 after purchasing an additional 12,221 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Hilton Worldwide by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 182,400 shares of the company's stock worth $45,082,000 after purchasing an additional 11,300 shares during the period. Bank of Nova Scotia increased its stake in shares of Hilton Worldwide by 188.6% in the fourth quarter. Bank of Nova Scotia now owns 91,529 shares of the company's stock worth $22,622,000 after purchasing an additional 59,818 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Hilton Worldwide by 20.0% during the 4th quarter. FIL Ltd now owns 184,719 shares of the company's stock valued at $45,655,000 after purchasing an additional 30,764 shares during the period. Institutional investors own 95.90% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HLT shares. Macquarie increased their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company increased their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Raymond James boosted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Susquehanna lifted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Truist Financial dropped their target price on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $248.88.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company's stock.

Hilton Worldwide Stock Performance

NYSE HLT traded up $2.46 on Tuesday, hitting $212.59. 864,116 shares of the stock were exchanged, compared to its average volume of 1,712,197. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The firm has a market capitalization of $50.94 billion, a P/E ratio of 34.57, a P/E/G ratio of 2.86 and a beta of 1.19. The stock has a fifty day moving average price of $241.01 and a two-hundred day moving average price of $244.11.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's payout ratio is currently 9.76%.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.