Skandinaviska Enskilda Banken AB publ Decreases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,444 shares of the company's stock after selling 36,506 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Hilton Worldwide worth $36,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLT. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide in the 4th quarter valued at approximately $34,000. Groupama Asset Managment grew its stake in shares of Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after acquiring an additional 4,118 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in Hilton Worldwide in the third quarter valued at $38,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HLT shares. Jefferies Financial Group increased their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Macquarie raised their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective 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. Raymond James lifted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group increased their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Hold" and a consensus price target of $250.61.

Hilton Worldwide Stock Up 2.2 %

HLT traded up $4.96 on Monday, hitting $234.33. 2,486,595 shares of the company traded hands, compared to its average volume of 1,506,363. The company has a 50 day moving average of $253.37 and a 200-day moving average of $244.02. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The stock has a market capitalization of $56.38 billion, a PE ratio of 38.10, a PEG ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

Hilton Worldwide Company Profile

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.