2,529 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,529 shares of the company's stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. FMR LLC grew its position in Hilton Worldwide by 2.1% in the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock valued at $2,585,148,000 after purchasing an additional 226,223 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after buying an additional 121,900 shares during the last quarter. Jennison Associates LLC increased its position in shares of Hilton Worldwide by 33.2% during the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock worth $745,624,000 after acquiring an additional 806,029 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company's stock valued at $614,841,000 after acquiring an additional 200,329 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

NYSE:HLT traded up $0.04 during trading hours on Monday, reaching $246.69. The stock had a trading volume of 1,369,221 shares, compared to its average volume of 1,035,304. The stock has a market cap of $60.14 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 2.69 and a beta of 1.30. The stock has a 50 day simple moving average of $249.51 and a 200 day simple moving average of $232.30. Hilton Worldwide Holdings Inc. has a 12-month low of $182.86 and a 12-month high of $259.01.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide announced that its board has initiated a stock buyback plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Hilton Worldwide's dividend payout ratio is currently 12.88%.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of recent research reports. Melius lowered Hilton Worldwide from a "buy" rating to a "hold" rating in a report on Monday, October 21st. Truist Financial upped their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Bank of America increased their price target on Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, October 21st. TD Cowen reduced their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $238.24.

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.