Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Lifted by Dark Forest Capital Management LP

Dark Forest Capital Management LP grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 98.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,153 shares of the company's stock after acquiring an additional 2,061 shares during the quarter. Dark Forest Capital Management LP's holdings in Hilton Worldwide were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HLT. Noble Wealth Management PBC purchased a new position in Hilton Worldwide during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide in the fourth quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the fourth quarter worth $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the fourth quarter valued at $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter worth $41,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Price Performance

HLT stock traded up $4.09 during midday trading on Tuesday, hitting $225.69. The stock had a trading volume of 1,367,898 shares, compared to its average volume of 1,723,649. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The firm has a market cap of $54.08 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The company's 50-day moving average price is $229.90 and its 200 day moving average price is $242.71.

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

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.27%. Hilton Worldwide's dividend payout ratio is currently 9.76%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction 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 sale, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HLT shares. Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Barclays dropped their target price on shares of Hilton Worldwide from $287.00 to $233.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho restated a "neutral" rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Morgan Stanley cut their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a report on Friday, March 21st. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $243.75.

Hilton Worldwide 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.