Aristeia Capital L.L.C. Sells 1,216 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Aristeia Capital L.L.C. trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,911 shares of the company's stock after selling 1,216 shares during the period. Aristeia Capital L.L.C.'s holdings in Hilton Worldwide were worth $472,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HLT. Palumbo Wealth Management LLC increased its position in Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock worth $528,000 after purchasing an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after acquiring an additional 43 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Hilton Worldwide by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company's stock valued at $92,000 after acquiring an additional 48 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after acquiring an additional 49 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its position in Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after purchasing an additional 51 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HLT. Susquehanna lifted their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Morgan Stanley dropped their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company raised their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Jefferies Financial Group decreased their target price on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $241.31.

Hilton Worldwide Stock Up 2.2 %

Shares of HLT traded up $5.21 during mid-day trading on Wednesday, reaching $241.80. The company's stock had a trading volume of 2,091,185 shares, compared to its average volume of 1,753,563. 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. The business has a fifty day moving average of $226.70 and a 200 day moving average of $242.51. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22.

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

Hilton Worldwide Announces Dividend

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

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was 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 owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

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.