ExodusPoint Capital Management LP reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,753 shares of the company's stock after selling 42,730 shares during the period. ExodusPoint Capital Management LP owned 0.08% of Hilton Worldwide worth $46,158,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Palumbo Wealth Management LLC grew its stake in Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock worth $528,000 after acquiring an additional 41 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after acquiring an additional 43 shares during the period. Versant Capital Management Inc boosted its position in shares of Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock worth $92,000 after acquiring an additional 48 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after purchasing an additional 49 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in Hilton Worldwide by 3.7% during the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.
Insider Buying and Selling at Hilton Worldwide
In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
HLT has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a report on Friday, March 21st. Barclays boosted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Raymond James raised their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Mizuho reissued a "neutral" rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group lifted their target price on Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $254.56.
Read Our Latest Report on HLT
Hilton Worldwide Stock Up 1.8 %
Shares of NYSE:HLT traded up $3.63 on Tuesday, reaching $207.77. 1,313,058 shares of the company's stock were exchanged, compared to its average volume of 1,661,166. The business's 50-day moving average is $247.47 and its two-hundred day moving average is $245.14. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The firm has a market capitalization of $49.79 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.86 and a beta of 1.19.
Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.
Hilton Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. Hilton Worldwide's dividend payout ratio is presently 9.76%.
Hilton Worldwide Profile
(
Free Report)
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.
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