Assenagon Asset Management S.A. Boosts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Assenagon Asset Management S.A. lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 444.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 129,988 shares of the company’s stock after acquiring an additional 106,119 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Hilton Worldwide were worth $29,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of HLT. Wealthcare Advisory Partners LLC bought a new position in Hilton Worldwide in the 1st quarter valued at $257,000. Wealth Enhancement Advisory Services LLC grew its position in Hilton Worldwide by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock valued at $1,725,000 after buying an additional 207 shares during the period. Independence Bank of Kentucky increased its holdings in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. First Bank & Trust bought a new stake in Hilton Worldwide in the first quarter worth about $645,000. Finally, Diversified Trust Co boosted its stake in Hilton Worldwide by 54.9% in the first quarter. Diversified Trust Co now owns 15,576 shares of the company’s stock valued at $3,323,000 after acquiring an additional 5,523 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HLT. Robert W. Baird raised their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays lowered their target price on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research note on Thursday. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Truist Financial upped their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $223.21.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hilton Worldwide news, 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 value 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 $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $236.11 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $148.25 and a 52-week high of $240.00. The stock has a fifty day moving average of $225.01 and a 200 day moving average of $214.09. The firm has a market capitalization of $59.04 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS 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 69.65% and a net margin of 11.20%. Hilton Worldwide’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

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.