Jupiter Asset Management Ltd. lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,415 shares of the company’s stock after selling 961 shares during the period. Jupiter Asset Management Ltd.’s holdings in Hilton Worldwide were worth $533,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners bought a new position in Hilton Worldwide in the first quarter valued at about $26,000. Assetmark Inc. lifted its stake in Hilton Worldwide by 60.6% in the first quarter. Assetmark Inc. now owns 228 shares of the company’s stock valued at $28,000 after buying an additional 86 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in Hilton Worldwide by 186.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 412 shares of the company’s stock valued at $49,000 after buying an additional 268 shares during the period. Vigilant Capital Management LLC acquired a new position in Hilton Worldwide in the second quarter valued at about $52,000. Finally, Prime Capital Investment Advisors LLC raised its position in shares of Hilton Worldwide by 53.0% during the first quarter. Prime Capital Investment Advisors LLC now owns 505 shares of the company’s stock worth $61,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 96.69% of the company’s stock.
A number of research firms have recently commented on HLT. Robert W. Baird reaffirmed a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, May 18th. Truist Securities raised their price target on Hilton Worldwide from $116.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Hilton Worldwide from $113.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, July 30th. Morgan Stanley lifted their target price on Hilton Worldwide from $110.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, July 30th. Finally, Zacks Investment Research raised Hilton Worldwide from a “sell” rating to a “hold” rating and set a $141.00 target price on the stock in a research report on Friday, July 30th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $120.83.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.22. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Hilton Worldwide had a negative return on equity of 10.48% and a negative net margin of 6.98%. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 2.09 EPS for the current fiscal year.
In related news, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $121.42, for a total value of $364,260.00. Following the completion of the sale, the insider now directly owns 287,953 shares in the company, valued at approximately $34,963,253.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.
About Hilton Worldwide
Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.
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