Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,952 shares of the company’s stock after purchasing an additional 2,708 shares during the quarter. Investment Management Corp of Ontario’s holdings in Hilton Worldwide were worth $2,707,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLT. Norges Bank acquired a new position in shares of Hilton Worldwide in the fourth quarter worth $694,787,000. JPMorgan Chase & Co. raised its holdings in shares of Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after acquiring an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hilton Worldwide by 26.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock worth $806,999,000 after acquiring an additional 685,023 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Hilton Worldwide by 426.9% in the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company’s stock worth $188,400,000 after acquiring an additional 617,604 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Hilton Worldwide by 2,746.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock worth $133,487,000 after acquiring an additional 484,436 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Jefferies Financial Group dropped their target price on Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley dropped their target price on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Macquarie dropped their target price 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, Raymond James boosted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $241.31.

Hilton Worldwide Stock Performance

Shares of HLT opened at $243.18 on Monday. The company has a market capitalization of $57.80 billion, a P/E ratio of 39.54, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22. The stock has a 50-day moving average price of $225.49 and a 200 day moving average price of $242.70.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business posted $1.53 earnings per share. Hilton Worldwide’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

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.