Y Intercept Hong Kong Ltd Grows Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Y Intercept Hong Kong Ltd raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 93.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,153 shares of the company's stock after buying an additional 10,230 shares during the period. Y Intercept Hong Kong Ltd's holdings in Hilton Worldwide were worth $4,876,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HLT. FMR LLC boosted its position in Hilton Worldwide by 2.1% during the third quarter. FMR LLC now owns 11,215,391 shares of the company's stock worth $2,585,148,000 after acquiring an additional 226,223 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock valued at $1,037,464,000 after buying an additional 1,282,676 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 33.2% in the 3rd 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 during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company's stock worth $614,841,000 after acquiring an additional 200,329 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLT. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Evercore ISI lifted their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Barclays lowered their price objective on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Melius Research restated a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Finally, Truist Financial increased 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. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $228.71.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. This trade represents a 23.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Trading Down 3.3 %

HLT traded down $8.47 on Monday, hitting $249.99. 2,133,263 shares of the company were exchanged, compared to its average volume of 1,544,570. The firm has a 50-day moving average price of $243.08 and a two-hundred day moving average price of $224.29. Hilton Worldwide Holdings Inc. has a twelve month low of $172.62 and a twelve month high of $259.01. The company has a market cap of $60.94 billion, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 3.25 and a beta of 1.30.

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

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide's payout ratio is currently 12.88%.

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

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.