State of New Jersey Common Pension Fund D reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 166,422 shares of the company’s stock after selling 8,768 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hilton Worldwide were worth $20,124,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in HLT. CWM LLC raised its holdings in Hilton Worldwide by 336.1% during the 4th quarter. CWM LLC now owns 266 shares of the company’s stock worth $30,000 after buying an additional 205 shares during the period. Freedman Financial Associates Inc. acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $30,000. TRUE Private Wealth Advisors acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $33,000. Baron Silver Stevens Financial Advisors LLC bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $38,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Hilton Worldwide by 208.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 370 shares of the company’s stock worth $41,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.
HLT opened at $128.67 on Tuesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $62.47 and a fifty-two week high of $132.69. The company has a market capitalization of $35.72 billion, a P/E ratio of -110.92 and a beta of 1.33. The stock has a fifty day moving average of $124.85 and a 200-day moving average of $111.50.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, February 16th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.13). The company had revenue of $890.00 million during the quarter, compared to analyst estimates of $1.06 billion. Hilton Worldwide had a negative net margin of 5.46% and a negative return on equity of 34.02%. During the same period last year, the firm earned $1.00 EPS. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 0.22 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Hilton Worldwide from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, March 22nd. Morgan Stanley raised their price target on shares of Hilton Worldwide from $88.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 20th. Truist Securities raised their price target on shares of Hilton Worldwide from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Monday, April 26th. Macquarie raised their target price on shares of Hilton Worldwide from $86.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, February 25th. Finally, Zacks Investment Research raised shares of Hilton Worldwide from a “sell” rating to a “hold” rating and set a $125.00 price objective for the company in a research report on Wednesday, March 24th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Hilton Worldwide has an average rating of “Hold” and a consensus price target of $109.96.
In related news, insider Martin Rinck sold 5,413 shares of the business’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $125.00, for a total value of $676,625.00. Following the completion of the transaction, the insider now owns 4,637 shares of the company’s stock, valued at $579,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Laura Fuentes sold 3,410 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $124.13, for a total value of $423,283.30. Following the completion of the transaction, the insider now directly owns 12,417 shares of the company’s stock, valued at approximately $1,541,322.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,944 shares of company stock valued at $8,049,124. 1.80% of the stock is owned by insiders.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
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