Ossiam lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 120.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,695 shares of the company’s stock after buying an additional 12,947 shares during the quarter. Ossiam’s holdings in Hilton Worldwide were worth $3,115,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Hilton Worldwide by 5.9% in the second quarter. BlackRock Inc. now owns 19,677,989 shares of the company’s stock worth $2,373,557,000 after buying an additional 1,092,359 shares during the period. Capital International Investors raised its holdings in shares of Hilton Worldwide by 64.3% in the first quarter. Capital International Investors now owns 13,891,527 shares of the company’s stock worth $1,679,909,000 after buying an additional 5,434,685 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hilton Worldwide by 2.4% in the second quarter. Principal Financial Group Inc. now owns 8,977,480 shares of the company’s stock worth $1,082,864,000 after buying an additional 213,710 shares during the period. Geode Capital Management LLC raised its holdings in shares of Hilton Worldwide by 1.0% in the second quarter. Geode Capital Management LLC now owns 4,945,227 shares of the company’s stock worth $594,864,000 after buying an additional 50,276 shares during the period. Finally, Putnam Investments LLC raised its holdings in shares of Hilton Worldwide by 2.1% in the first quarter. Putnam Investments LLC now owns 3,407,847 shares of the company’s stock worth $412,077,000 after buying an additional 68,881 shares during the period. Hedge funds and other institutional investors own 96.69% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research upgraded Hilton Worldwide from a “sell” rating to a “hold” rating and set a $141.00 price objective on the stock in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Hilton Worldwide from $113.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, July 30th. Loop Capital began coverage on Hilton Worldwide in a research report on Wednesday. They set a “hold” rating and a $135.00 target price on the stock. Truist Securities increased their target price on Hilton Worldwide from $116.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, July 30th. Finally, Citigroup increased their target price on Hilton Worldwide from $137.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 6th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $128.63.
Hilton Worldwide (NYSE:HLT) last issued its earnings results on Thursday, July 29th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.22. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Hilton Worldwide had a negative return on equity of 10.48% and a negative net margin of 6.98%. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 2.18 earnings per share for the current fiscal year.
In related news, insider Matthew W. Schuyler sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 287,953 shares in the company, valued at $34,963,253.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Hilton Worldwide Profile
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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