Hilton Worldwide Holdings Inc. (NYSE:HLT) Stake Cut by First Manhattan CO. LLC.

First Manhattan CO. LLC. reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,740 shares of the company's stock after selling 12,317 shares during the quarter. First Manhattan CO. LLC. owned about 0.07% of Hilton Worldwide worth $39,234,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on HLT shares. Susquehanna increased their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Raymond James increased 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. Evercore ISI decreased their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Barclays decreased their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Macquarie decreased their price target on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $241.31.

Hilton Worldwide Price Performance

Shares of NYSE HLT remained flat at $243.18 during mid-day trading on Friday. The stock had a trading volume of 1,300,591 shares, compared to its average volume of 1,756,813. Hilton Worldwide Holdings Inc. has a twelve month low of $194.93 and a twelve month high of $275.22. The firm has a market cap of $57.80 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The business's 50-day moving average is $225.49 and its 200 day moving average is $242.70.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 EPS 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 during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business posted $1.53 earnings per share. Hilton Worldwide's revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide 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.