Nicholas Investment Partners LP Buys Shares of 7,184 Hilton Worldwide Holdings Inc. $HLT

Key Points

• Nicholas Investment Partners initiated a 7,184-share stake in Hilton Worldwide valued at approximately $2.37 million. Institutional investors collectively own 95.9% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $353.82 versus Hilton’s recent price of $330.20.
• Hilton reported quarterly EPS of $2.29, slightly above estimates, while revenue increased 6.5% year over year. The company also declared a quarterly dividend of $0.15 per share, equating to a 0.2% yield.

Nicholas Investment Partners LP purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,184 shares of the company's stock, valued at approximately $2,374,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLT. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide in the second quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new stake in Hilton Worldwide during the second quarter worth $26,000. Trust Co. of Vermont purchased a new stake in Hilton Worldwide in the second quarter valued at $26,000. Kemnay Advisory Services Inc. purchased a new stake in Hilton Worldwide in the fourth quarter valued at $26,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Sanford C. Bernstein cut their price objective on Hilton Worldwide from $322.00 to $320.00 and set a "market perform" rating for the company in a research report on Friday, May 15th. China Intl Cap raised shares of Hilton Worldwide to a "strong-buy" rating in a research report on Wednesday, August 12th. Bank of America increased their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Argus lifted their price target on shares of Hilton Worldwide from $380.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Finally, Truist Financial boosted their price target on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a "hold" rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.82.

Hilton Worldwide Trading Up 1.1%

Hilton Worldwide stock opened at $330.20 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00. The stock's fifty day simple moving average is $329.72 and its 200-day simple moving average is $321.90. The firm has a market capitalization of $74.32 billion, a P/E ratio of 48.49, a P/E/G ratio of 2.77 and a beta of 1.05.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.02. Hilton Worldwide had a negative return on equity of 35.24% and a net margin of 12.69%.The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the business posted $2.20 earnings per share. Hilton Worldwide's revenue was up 6.5% compared to the same quarter last year. Hilton Worldwide has set its Q3 2026 guidance at 2.280-2.340 EPS and its FY 2026 guidance at 8.890-9.010 EPS. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 9.08 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 8.81%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton's brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source