Voloridge Investment Management LLC Sells 255,244 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Voloridge Investment Management LLC lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 54.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,563 shares of the company's stock after selling 255,244 shares during the period. Voloridge Investment Management LLC owned about 0.09% of Hilton Worldwide worth $53,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide in the 4th quarter worth $41,000. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLT has been the subject of several analyst reports. Macquarie cut their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Susquehanna increased their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Stock Down 0.7%

Shares of HLT traded down $1.72 during trading hours on Monday, reaching $244.92. 1,057,746 shares of the company traded hands, compared to its average volume of 1,756,309. Hilton Worldwide Holdings Inc. has a 12 month low of $194.93 and a 12 month high of $275.22. The company's fifty day moving average price is $228.47 and its two-hundred day moving average price is $243.64. The company has a market capitalization of $58.22 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same period in the previous year, the firm posted $1.53 EPS. The business's revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is 9.46%.

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.