Parallel Advisors LLC Boosts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Parallel Advisors LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,206 shares of the company’s stock after purchasing an additional 171 shares during the period. Parallel Advisors LLC’s holdings in Hilton Worldwide were worth $792,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $34,000. Groupama Asset Managment raised its holdings in shares of Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after acquiring an additional 4,118 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, True Wealth Design LLC raised its holdings in shares of Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 2.6 %

Shares of NYSE:HLT opened at $232.94 on Thursday. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The stock has a market cap of $56.04 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.86 and a beta of 1.29. The business has a 50-day moving average price of $252.69 and a 200-day moving average price of $244.11.

Hilton Worldwide (NYSE:HLT) last posted its earnings results 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%. As a group, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HLT shares. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Mizuho reaffirmed a “neutral” rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Morgan Stanley upped their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Macquarie increased their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average price target of $250.61.

Insider Buying and Selling at Hilton Worldwide

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

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.