Park Place Capital Corp Sells 1,692 Shares of Hilton Worldwide Holdings Inc. $HLT

Key Points

• Park Place Capital Corp sold 1,692 shares of Hilton Worldwide in Q2 2023, reducing its stake by 81.7%, leaving the fund with 378 shares valued at $102,000.
• Insider Christopher W. Silcock sold 11,905 shares, which is a 13.03% decrease in their position, and now holds 79,451 shares valued at approximately $21.4 million.
• Wall Street analysts have raised price targets for Hilton Worldwide, with recommendations that suggest a Moderate Buy average consensus rating, indicating potential growth for the stock.

Park Place Capital Corp reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 81.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378 shares of the company's stock after selling 1,692 shares during the quarter. Park Place Capital Corp's holdings in Hilton Worldwide were worth $102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Hilton Worldwide during the first quarter valued at about $2,262,000. Sowell Financial Services LLC bought a new position in shares of Hilton Worldwide during the first quarter valued at about $314,000. Artemis Investment Management LLP grew its stake in shares of Hilton Worldwide by 3.9% during the first quarter. Artemis Investment Management LLP now owns 163,281 shares of the company's stock valued at $37,155,000 after buying an additional 6,146 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Hilton Worldwide by 8.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company's stock worth $1,100,530,000 after purchasing an additional 364,307 shares during the last quarter. Finally, Malaga Cove Capital LLC bought a new stake in shares of Hilton Worldwide in the first quarter worth about $316,000. 95.90% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Christopher W. Silcock sold 11,905 shares of the business's stock in a transaction 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 completion of the sale, the insider owned 79,451 shares of the company's stock, valued at $21,404,099.40. The trade was a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by insiders.

Hilton Worldwide Trading Down 1.2%

Shares of HLT opened at $259.23 on Wednesday. The firm has a market cap of $60.97 billion, a PE ratio of 39.82, a P/E/G ratio of 2.58 and a beta of 1.21. The firm has a fifty day simple moving average of $269.58 and a two-hundred day simple moving average of $251.93. 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 announced its 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. The business had revenue of $3.14 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business 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, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was 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 presently 9.22%.

Wall Street Analysts Forecast Growth

HLT has been the topic of several recent analyst reports. Raymond James Financial raised their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Barclays cut their target price on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Bank of America raised their target price on Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Sanford C. Bernstein raised their target price on Hilton Worldwide from $261.00 to $288.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a research note on Monday, June 23rd. They issued an "overweight" rating and a $282.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $265.88.

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.

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