Point72 Asset Management L.P. lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 49.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349,434 shares of the company’s stock after selling 339,736 shares during the period. Point72 Asset Management L.P.’s holdings in Hilton Worldwide were worth $42,254,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. BlackRock Inc. lifted its stake in shares of Hilton Worldwide by 0.8% in the 1st quarter. BlackRock Inc. now owns 18,585,630 shares of the company’s stock valued at $2,247,376,000 after purchasing an additional 142,230 shares during the last quarter. Capital International Investors lifted its stake in shares of Hilton Worldwide by 64.3% in the 1st quarter. Capital International Investors now owns 13,891,527 shares of the company’s stock valued at $1,679,909,000 after purchasing an additional 5,434,685 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hilton Worldwide by 6.1% in the 1st quarter. Geode Capital Management LLC now owns 4,894,951 shares of the company’s stock valued at $590,385,000 after buying an additional 279,636 shares during the period. Putnam Investments LLC raised its holdings in shares of Hilton Worldwide by 2.1% in the 1st quarter. Putnam Investments LLC now owns 3,407,847 shares of the company’s stock valued at $412,077,000 after buying an additional 68,881 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Hilton Worldwide by 3.0% in the 4th quarter. Nuveen Asset Management LLC now owns 3,030,630 shares of the company’s stock valued at $337,188,000 after buying an additional 87,934 shares during the period. 96.58% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on HLT shares. Robert W. Baird reiterated a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, May 18th. Truist upped their price target on Hilton Worldwide from $106.00 to $114.00 in a report on Tuesday, April 20th. Zacks Investment Research upgraded Hilton Worldwide from a “sell” rating to a “hold” rating and set a $125.00 price target on the stock in a report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Hilton Worldwide from $104.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, May 6th. Finally, Raymond James upped their price objective on Hilton Worldwide from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $114.00.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, May 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). Hilton Worldwide had a negative net margin of 25.79% and a negative return on equity of 2.24%. The company had revenue of $874.00 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was down 54.5% compared to the same quarter last year. Research analysts expect that Hilton Worldwide Holdings Inc. will post 1.71 EPS for the current fiscal year.
Hilton Worldwide Company Profile
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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