Hilton Worldwide Holdings Inc. (NYSE:HLT) Stake Raised by ShawSpring Partners LLC

ShawSpring Partners LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 314,437 shares of the company’s stock after purchasing an additional 25,017 shares during the period. Hilton Worldwide accounts for 10.3% of ShawSpring Partners LLC’s investment portfolio, making the stock its 5th largest holding. ShawSpring Partners LLC’s holdings in Hilton Worldwide were worth $77,716,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hilton Worldwide during the 3rd quarter valued at approximately $765,000. Jones Financial Companies Lllp lifted its position in Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after purchasing an additional 1,740 shares during the period. Amundi grew its holdings in Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after acquiring an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after buying an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Up 0.6 %

NYSE HLT opened at $211.33 on Wednesday. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The stock’s 50 day moving average is $239.84 and its 200 day moving average is $243.89. The firm has a market capitalization of $50.64 billion, a PE ratio of 34.36, a P/E/G ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

Analyst Ratings Changes

Several research firms have weighed in on HLT. Truist Financial lowered their target price on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Susquehanna boosted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Macquarie raised their target price on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Morgan Stanley upped their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $248.88.

About Hilton Worldwide

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.