Hilton Worldwide Holdings Inc. $HLT Stock Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,565 shares of the company’s stock after purchasing an additional 3,264 shares during the period. Rakuten Investment Management Inc.’s holdings in Hilton Worldwide were worth $13,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Provenance Wealth Advisors LLC increased its position in shares of Hilton Worldwide by 55,133.3% during the third quarter. Provenance Wealth Advisors LLC now owns 1,657 shares of the company’s stock worth $527,000 after acquiring an additional 1,654 shares during the period. Integrity Alliance LLC. grew its holdings in shares of Hilton Worldwide by 39.2% during the third quarter. Integrity Alliance LLC. now owns 1,487 shares of the company’s stock worth $473,000 after purchasing an additional 419 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Hilton Worldwide by 3.7% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 569,430 shares of the company’s stock worth $181,777,000 after buying an additional 20,466 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Hilton Worldwide during the 3rd quarter worth approximately $23,072,000. Finally, Profund Advisors LLC increased its position in Hilton Worldwide by 1.2% during the third quarter. Profund Advisors LLC now owns 3,058 shares of the company’s stock worth $973,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 3.5%

Shares of Hilton Worldwide stock opened at $376.50 on Thursday. The business has a 50-day moving average price of $327.39 and a 200 day moving average price of $321.77. Hilton Worldwide Holdings Inc. has a fifty-two week low of $257.04 and a fifty-two week high of $377.76. The firm has a market cap of $83.77 billion, a P/E ratio of 50.88, a P/E/G ratio of 2.85 and a beta of 1.08.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the business posted $2.11 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.11%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lowered their target price on Hilton Worldwide from $384.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Argus set a $410.00 price target on Hilton Worldwide and gave the stock a “buy” rating in a report on Friday, October 30th. Freedom Broker began coverage on shares of Hilton Worldwide in a research report on Wednesday, October 14th. They issued a “buy” rating and a $359.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price objective on the stock in a research note on Wednesday, August 12th. Finally, Robert W. Baird upped their price objective on shares of Hilton Worldwide from $360.00 to $362.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.08.

Insider Activity

In related news, Director Chris Carr sold 439 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the sale, the director directly owned 8,252 shares in the company, valued at approximately $2,560,925.68. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin J. Jacobs sold 151,050 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $356.19, for a total value of $53,802,499.50. Following the completion of the sale, the insider directly owned 293,758 shares of the company’s stock, valued at approximately $104,633,662.02. The trade was a 33.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 158,778 shares of company stock worth $56,196,944 over the last 90 days. 2.70% of the stock is owned by company insiders.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.