CenterBook Partners LP Purchases Shares of 1,644 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• CenterBook Partners LP acquired 1,644 shares of Hilton Worldwide Holdings Inc. valued at approximately $374,000, according to a report filed with the SEC.
• Hedge funds and institutional investors own 95.90% of Hilton Worldwide's stock, with notable increases in holdings reported by several institutions this quarter.
• Hilton Worldwide reported earnings of $2.20 per share in its latest quarterly results, surpassing analyst expectations and reflecting a 6.3% year-over-year revenue increase.

CenterBook Partners LP bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,644 shares of the company's stock, valued at approximately $374,000.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC lifted its position in shares of Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after purchasing an additional 74 shares during the last quarter. Beacon Capital Management LLC lifted its position in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after purchasing an additional 76 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after purchasing an additional 142 shares during the last quarter. Optiver Holding B.V. lifted its position in shares of Hilton Worldwide by 127.1% during the fourth quarter. Optiver Holding B.V. now owns 218 shares of the company's stock worth $54,000 after purchasing an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Hilton Worldwide during the first quarter worth $54,000. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HLT shares. Macquarie lifted their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America raised their price target on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Morgan Stanley cut their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Finally, Evercore ISI cut their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hilton Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $264.40.

Hilton Worldwide Price Performance

Shares of HLT stock traded up $1.55 during midday trading on Friday, hitting $262.47. The company had a trading volume of 1,957,942 shares, compared to its average volume of 1,888,753. The company's 50 day simple moving average is $262.60 and its 200 day simple moving average is $248.27. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.59 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide's payout ratio is currently 9.22%.

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.