GSA Capital Partners LLP Buys 2,102 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• GSA Capital Partners LLP increased its stake in Hilton Worldwide Holdings Inc. by 174.7% to a total of 3,305 shares, valued at $752,000.
• Hilton Worldwide reported earnings of $2.20 per share for the last quarter, exceeding expectations, with a revenue of $3.14 billion—up 6.3% year-over-year.
• The company announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend yield of 0.2%.

GSA Capital Partners LLP lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 174.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,305 shares of the company's stock after purchasing an additional 2,102 shares during the period. GSA Capital Partners LLP's holdings in Hilton Worldwide were worth $752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HLT. GAMMA Investing LLC lifted its position in Hilton Worldwide by 23,543.6% during the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after acquiring an additional 1,049,101 shares during the last quarter. Marshall Wace LLP lifted its position in Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock worth $188,400,000 after acquiring an additional 617,604 shares during the last quarter. SurgoCap Partners LP acquired a new position in Hilton Worldwide during the 4th quarter worth $109,492,000. Jennison Associates LLC lifted its position in Hilton Worldwide by 11.3% during the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock worth $861,132,000 after acquiring an additional 385,096 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Hilton Worldwide by 112.4% during the fourth quarter. AQR Capital Management LLC now owns 714,620 shares of the company's stock valued at $176,626,000 after buying an additional 378,206 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock traded up $1.51 during trading hours on Monday, hitting $262.35. 1,129,183 shares of the stock were exchanged, compared to its average volume of 1,929,474. The stock has a market capitalization of $61.70 billion, a P/E ratio of 34.32, a P/E/G ratio of 2.57 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.46. The business's 50-day moving average is $261.36 and its two-hundred day moving average is $247.78.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping 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 net margin of 13.84% and a negative return on equity of 46.13%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid 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 of this dividend is Friday, August 29th. Hilton Worldwide's dividend payout ratio is 9.22%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLT shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Evercore ISI cut their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley cut their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Barclays cut their price objective on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective for the company. Ten 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $259.19.

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.