Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 285.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 319,306 shares of the company's stock after acquiring an additional 236,475 shares during the quarter. Assenagon Asset Management S.A. owned about 0.13% of Hilton Worldwide worth $72,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $36,000. Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $41,000. Finally, OFI Invest Asset Management purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Ratings Changes

HLT has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Evercore ISI cut their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Robert W. Baird lifted their price target on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays cut their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Stock Down 2.7%

Shares of Hilton Worldwide stock traded down $6.74 on Friday, hitting $243.81. 2,254,883 shares of the company were exchanged, compared to its average volume of 1,753,381. The stock has a market capitalization of $57.95 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.24. The company has a 50-day moving average price of $236.08 and a 200 day moving average price of $243.66. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 54.47% and a net margin of 13.74%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. Research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide's dividend 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.