Emmett Investment Management LP Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Emmett Investment Management LP purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,869 shares of the company's stock, valued at approximately $5,899,000. Hilton Worldwide comprises 5.3% of Emmett Investment Management LP's investment portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently bought and sold shares of the business. Fiduciary Trust Co boosted its stake in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after purchasing an additional 38 shares during the period. Palumbo Wealth Management LLC boosted its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after purchasing an additional 41 shares during the period. Concurrent Investment Advisors LLC boosted its stake 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 valued at $799,000 after purchasing an additional 43 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after purchasing an additional 49 shares during the period. Finally, Angeles Wealth Management LLC boosted its stake in shares of Hilton Worldwide by 3.7% in the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock valued at $351,000 after purchasing an additional 51 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HLT shares. Robert W. Baird upped their target price on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays reduced their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Susquehanna increased their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Raymond James increased their price objective 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. Finally, Mizuho reiterated a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and an average price target of $241.31.

Hilton Worldwide Price Performance

Shares of HLT stock remained flat at $243.18 during trading hours on Friday. 1,300,591 shares of the company were exchanged, compared to its average volume of 1,756,813. Hilton Worldwide Holdings Inc. has a 1-year low of $194.93 and a 1-year high of $275.22. The company's fifty day simple moving average is $225.49 and its 200-day simple moving average is $242.70. The company has a market cap of $57.80 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. Analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

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.