New Age Alpha Advisors LLC Acquires 5,331 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

New Age Alpha Advisors LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7,615.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,401 shares of the company’s stock after acquiring an additional 5,331 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Hilton Worldwide were worth $1,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Hilton Worldwide in the fourth quarter valued at $694,787,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $1,091,000. NEOS Investment Management LLC raised its position in shares of Hilton Worldwide by 30.4% during the fourth quarter. NEOS Investment Management LLC now owns 16,003 shares of the company’s stock worth $3,955,000 after acquiring an additional 3,734 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of Hilton Worldwide by 2.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 83,262 shares of the company’s stock worth $20,579,000 after acquiring an additional 1,869 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock valued at $1,952,314,000 after acquiring an additional 919,424 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLT. Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Macquarie boosted their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Susquehanna increased their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Truist Financial dropped their price objective 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. Finally, Barclays raised their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $254.53.

Hilton Worldwide Price Performance

NYSE:HLT opened at $225.49 on Monday. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The company has a market cap of $54.03 billion, a PE ratio of 36.67, a PEG ratio of 2.86 and a beta of 1.29. The firm has a 50-day moving average of $250.94 and a 200-day moving average of $245.15.

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

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Hilton Worldwide’s payout ratio is 9.76%.

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.