Hilton Worldwide Holdings Inc. (NYSE:HLT) is Skye Global Management LP’s 9th Largest Position

Skye Global Management LP cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 440,000 shares of the company’s stock after selling 6,000 shares during the quarter. Hilton Worldwide accounts for about 2.3% of Skye Global Management LP’s investment portfolio, making the stock its 9th largest holding. Skye Global Management LP’s holdings in Hilton Worldwide were worth $108,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in HLT. Jones Financial Companies Lllp increased its position in Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock valued at $651,000 after purchasing an additional 1,740 shares during the period. Amundi raised its stake in shares of Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after purchasing an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after purchasing an additional 4,846 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $1,138,000. Finally, NewEdge Wealth LLC increased its stake in shares of Hilton Worldwide by 16.8% in the 4th quarter. NewEdge Wealth LLC now owns 7,120 shares of the company’s stock worth $1,760,000 after purchasing an additional 1,023 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.2%

Shares of HLT opened at $252.55 on Friday. The stock has a market cap of $60.03 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The firm’s fifty day moving average is $225.86 and its two-hundred day moving average is $243.09. Hilton Worldwide Holdings Inc. has a 52-week low of $194.93 and a 52-week high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Dbs Bank raised Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Raymond James raised their target price 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Macquarie decreased their price target on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial reduced their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $245.56.

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.