Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,667 shares of the company's stock after buying an additional 2,082 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Hilton Worldwide were worth $2,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Principal Financial Group Inc. boosted its stake in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Morse Asset Management Inc grew its holdings in shares of Hilton Worldwide by 3.9% during the third quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock worth $617,000 after buying an additional 100 shares during the last quarter. Anchor Investment Management LLC increased its position in Hilton Worldwide by 97.0% in the 3rd quarter. Anchor Investment Management LLC now owns 465 shares of the company's stock valued at $107,000 after acquiring an additional 229 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in Hilton Worldwide during the 3rd quarter worth approximately $669,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at approximately $765,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction dated 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 represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

HLT stock traded up $0.36 on Friday, reaching $219.72. The company had a trading volume of 1,591,546 shares, compared to its average volume of 1,720,272. The company's fifty day moving average is $230.86 and its 200 day moving average is $242.74. The company has a market cap of $52.65 billion, a P/E ratio of 35.73, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22.

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

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HLT. Truist Financial decreased their price target on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a report on Friday, March 21st. Susquehanna boosted their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Barclays reduced their price objective on shares of Hilton Worldwide from $287.00 to $233.00 and set an "overweight" rating for the company in a research report on Tuesday. The Goldman Sachs Group reiterated a "neutral" rating and set a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Finally, Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $243.75.

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.