Emmett Investment Management LP Makes New $5.90 Million Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Emmett Investment Management LP acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,869 shares of the company's stock, valued at approximately $5,899,000. Hilton Worldwide comprises about 5.3% of Emmett Investment Management LP's holdings, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLT. Jones Financial Companies Lllp boosted its holdings in shares of Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after acquiring an additional 1,740 shares during the last quarter. Amundi boosted its holdings in shares of Hilton Worldwide by 24.2% in the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after acquiring an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hilton Worldwide by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock valued at $55,774,000 after acquiring an additional 4,846 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at $1,246,000. Finally, SVB Wealth LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at $1,138,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Down 0.8%

Shares of Hilton Worldwide stock traded down $2.15 during mid-day trading on Wednesday, hitting $253.86. The stock had a trading volume of 823,407 shares, compared to its average volume of 1,758,670. The firm has a 50-day moving average of $225.48 and a two-hundred day moving average of $242.91. 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 $60.34 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the business posted $1.53 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HLT shares. Wells Fargo & Company boosted 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 note on Tuesday, February 4th. Raymond James boosted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their target price for the company from $228.00 to $296.00 in a research note on Monday. Finally, Mizuho restated a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $245.56.

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.