Assenagon Asset Management S.A. Has $127.86 Million Holdings in Hilton Worldwide Holdings Inc. $HLT

Key Points

• Assenagon Asset Management S.A. increased its holdings in Hilton Worldwide by 50.3%, owning a total of 480,063 shares valued at approximately $127.86 million as reported in their latest SEC filing.
• Several hedge funds have also made significant changes to their stakes in Hilton Worldwide, with institutional investors now owning 95.90% of the stock.
• Analysts have raised their price targets for Hilton Worldwide, with a current average target price of $265.88, reflecting a consensus rating of "Moderate Buy."

Assenagon Asset Management S.A. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 50.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,063 shares of the company's stock after purchasing an additional 160,757 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.20% of Hilton Worldwide worth $127,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd grew its position in Hilton Worldwide by 1.7% during the second quarter. IFM Investors Pty Ltd now owns 46,432 shares of the company's stock valued at $12,367,000 after acquiring an additional 779 shares during the period. Canoe Financial LP boosted its position in shares of Hilton Worldwide by 19.1% in the second quarter. Canoe Financial LP now owns 57,073 shares of the company's stock worth $15,201,000 after buying an additional 9,138 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Hilton Worldwide by 3.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,137 shares of the company's stock worth $569,000 after buying an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Hilton Worldwide by 77.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 22,907 shares of the company's stock worth $6,263,000 after buying an additional 9,986 shares during the period. Finally, Secure Asset Management LLC purchased a new stake in shares of Hilton Worldwide in the second quarter worth about $538,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insiders Place Their Bets

In other news, insider Christopher W. Silcock sold 11,905 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the transaction, the insider owned 79,451 shares of the company's stock, valued at approximately $21,404,099.40. This represents a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HLT shares. Sanford C. Bernstein upped their target price on Hilton Worldwide from $261.00 to $288.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 16th. Bank of America increased their price target on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Raymond James Financial increased their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Barclays reduced their price target on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Macquarie upped their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $265.88.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded down $1.45 on Tuesday, reaching $265.13. 199,024 shares of the company were exchanged, compared to its average volume of 1,948,129. The company's 50-day moving average is $270.89 and its two-hundred day moving average is $250.74. The firm has a market cap of $62.36 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 2.65 and a beta of 1.21. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%.The firm's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.91 EPS. Hilton Worldwide has set its Q3 2025 guidance at 1.980-2.040 EPS. FY 2025 guidance at 7.830-8.000 EPS. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.22%.

About Hilton Worldwide

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.