EFG Asset Management North America Corp. Trims Position in Hilton Worldwide Holdings Inc. $HLT

Key Points

• EFG Asset Management North America Corp. has reduced its stake in Hilton Worldwide Holdings Inc. by 20.8%, now owning 21,311 shares valued at approximately $4.85 million.
• Hilton Worldwide reported earnings of $2.20 per share for the recent quarter, exceeding expectations, with revenue of $3.14 billion, a 6.3% increase year-over-year.
• Several analysts have raised their price targets for Hilton Worldwide, with a consensus price target now at $264.40, indicating a positive outlook for the company's stock.

EFG Asset Management North America Corp. trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 20.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,311 shares of the company's stock after selling 5,602 shares during the period. EFG Asset Management North America Corp.'s holdings in Hilton Worldwide were worth $4,848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HLT. Nuveen LLC purchased a new stake in shares of Hilton Worldwide in the first quarter valued at about $353,985,000. GAMMA Investing LLC increased its stake in shares of Hilton Worldwide by 23,543.6% during the first 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 period. Goldman Sachs Group Inc. increased its stake in shares of Hilton Worldwide by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company's stock worth $487,135,000 after acquiring an additional 494,224 shares during the period. SurgoCap Partners LP acquired a new position in shares of Hilton Worldwide during the fourth quarter worth about $109,492,000. Finally, Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 11.3% during the first 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 period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Up 1.9%

Shares of HLT stock traded up $5.06 during trading hours on Monday, hitting $277.36. The company's stock had a trading volume of 1,544,737 shares, compared to its average volume of 1,982,672. The business has a fifty day moving average of $271.09 and a 200-day moving average of $249.69. The stock has a market cap of $65.23 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 2.68 and a beta of 1.21. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly 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 business had revenue of $3.14 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 earnings per share. Hilton Worldwide has set its Q3 2025 guidance at 1.980-2.040 EPS. FY 2025 guidance at 7.830-8.000 EPS. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared 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 is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio is currently 9.22%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLT. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price target for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Bank of America boosted their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Raymond James Financial boosted their price target on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Truist Financial boosted their price target on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, Barclays lowered their target price on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $264.40.

Insider Activity at Hilton Worldwide

In related news, insider Christopher W. Silcock sold 11,905 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

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.