Marshall Wace LLP Purchases Shares of 302,290 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Marshall Wace LLP bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 302,290 shares of the company's stock, valued at approximately $65,960,000. Marshall Wace LLP owned 0.12% of Hilton Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new position in shares of Hilton Worldwide in the first quarter valued at $2,792,000. AIA Group Ltd boosted its stake in shares of Hilton Worldwide by 43.4% in the first quarter. AIA Group Ltd now owns 14,103 shares of the company's stock valued at $3,008,000 after purchasing an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company's stock valued at $29,375,000 after purchasing an additional 4,677 shares during the period. PGGM Investments boosted its stake in shares of Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company's stock valued at $3,137,000 after purchasing an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company's stock valued at $13,219,000 after purchasing an additional 12,740 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Performance

Hilton Worldwide stock traded down $1.06 during midday trading on Wednesday, reaching $227.41. The stock had a trading volume of 1,029,999 shares, compared to its average volume of 1,584,370. The firm's fifty day simple moving average is $214.97 and its 200-day simple moving average is $210.32. Hilton Worldwide Holdings Inc. has a 1-year low of $146.35 and a 1-year high of $229.03. The stock has a market capitalization of $56.04 billion, a P/E ratio of 49.44, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide's payout ratio is 13.04%.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. Susquehanna initiated coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a "neutral" rating and a $215.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a "buy" rating and a $245.00 target price on the stock. Truist Financial lowered their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a "hold" rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a "neutral" rating in a research report on Friday, July 19th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of "Moderate Buy" and an average price target of $213.95.

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.