Jennison Associates LLC Buys 119,172 Shares of Hilton Worldwide Holdings Inc. $HLT

Jennison Associates LLC grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,750,891 shares of the company’s stock after buying an additional 119,172 shares during the period. Jennison Associates LLC’s holdings in Hilton Worldwide were worth $1,232,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in Hilton Worldwide by 25.6% during the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Hilton Worldwide by 37.4% during the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after buying an additional 1,669 shares in the last quarter. Woodline Partners LP boosted its holdings in Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after buying an additional 5,687 shares during the period. Intech Investment Management LLC increased its stake in Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after buying an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Hilton Worldwide by 182.2% during the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after acquiring an additional 215 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 0.7%

Hilton Worldwide stock opened at $298.02 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $306.28. The firm’s fifty day moving average is $286.54 and its 200 day moving average is $274.53. The company has a market cap of $69.27 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 2.52 and a beta of 1.15.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $3.01 billion. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI increased their target price on Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research report on Thursday. Jefferies Financial Group lifted their price objective on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research report on Monday, January 12th. BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Robert W. Baird cut their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Finally, Truist Financial boosted their price target on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $297.33.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.