AlTi Global Inc. Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

AlTi Global Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,122 shares of the company's stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide in the 4th quarter valued at approximately $34,000. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $36,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth about $41,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on HLT shares. Macquarie decreased their price target on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Morgan Stanley reduced their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of "Hold" and a consensus target price of $241.31.

Insider Buying and Selling

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

Hilton Worldwide Price Performance

HLT stock traded up $5.21 during mid-day trading on Wednesday, reaching $241.80. 2,099,858 shares of the company's stock were exchanged, compared to its average volume of 1,757,004. The company has a market cap of $57.48 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The stock's 50 day moving average is $226.23 and its 200 day moving average is $242.50.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide's payout ratio is currently 9.46%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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 luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.