Freestone Grove Partners LP Takes $3.68 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Freestone Grove Partners LP bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,903 shares of the company's stock, valued at approximately $3,683,000.

Other institutional investors also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide in the fourth quarter valued at $34,000. Sierra Ocean LLC acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Jefferies Financial Group dropped their price target on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Barclays decreased their price objective on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Macquarie cut their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $241.31.

Hilton Worldwide Price Performance

Shares of NYSE:HLT traded up $5.21 during trading on Wednesday, reaching $241.80. 1,761,921 shares of the stock were exchanged, compared to its average volume of 1,753,563. The firm has a market cap of $57.48 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The stock has a fifty day moving average of $226.70 and a two-hundred day moving average of $242.51. Hilton Worldwide Holdings Inc. has a 1-year low of $194.93 and a 1-year high of $275.22.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 EPS. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's payout ratio is 9.46%.

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.