Forsta AP Fonden lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,700 shares of the company’s stock after selling 14,200 shares during the period. Forsta AP Fonden’s holdings in Hilton Worldwide were worth $9,076,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $34,000. Parkside Financial Bank & Trust raised its position in Hilton Worldwide by 154.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 272 shares of the company’s stock worth $36,000 after purchasing an additional 165 shares during the period. Spectrum Management Group LLC purchased a new position in shares of Hilton Worldwide during the third quarter worth approximately $37,000. 1832 Asset Management L.P. increased its position in shares of Hilton Worldwide by 476.4% during the second quarter. 1832 Asset Management L.P. now owns 317 shares of the company’s stock worth $38,000 after acquiring an additional 262 shares during the period. Finally, Arlington Partners LLC purchased a new position in shares of Hilton Worldwide during the third quarter worth approximately $40,000. 96.04% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the stock. Raymond James restated an “outperform” rating and issued a $160.00 target price (up from $148.00) on shares of Hilton Worldwide in a research note on Monday, January 3rd. Bernstein Bank downgraded shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 target price for the company. in a research note on Monday, January 10th. Truist lifted their price objective on shares of Hilton Worldwide from $127.00 to $139.00 and gave the stock a “hold” rating in a research note on Thursday, October 28th. Loop Capital lifted their price objective on shares of Hilton Worldwide from $140.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 2nd. Finally, Argus lifted their price objective on shares of Hilton Worldwide from $162.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, December 28th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $144.56.
HLT opened at $147.98 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $98.57 and a fifty-two week high of $159.21. The company has a fifty day moving average of $146.36 and a two-hundred day moving average of $136.21. The stock has a market capitalization of $41.24 billion, a price-to-earnings ratio of 1,138.31 and a beta of 1.27.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 27th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Hilton Worldwide had a net margin of 0.81% and a negative return on equity of 25.13%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 87.5% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 2.13 earnings per share for the current year.
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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