Gotham Asset Management LLC Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Gotham Asset Management LLC trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,722 shares of the company's stock after selling 19,075 shares during the period. Gotham Asset Management LLC's holdings in Hilton Worldwide were worth $24,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HLT. Jones Financial Companies Lllp lifted its stake in Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after purchasing an additional 1,740 shares during the last quarter. Amundi boosted its position in shares of Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after purchasing an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after buying an additional 4,846 shares during the period. Fiduciary Alliance LLC acquired a new position in Hilton Worldwide during the 4th quarter worth approximately $1,246,000. Finally, SVB Wealth LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth approximately $1,138,000. Institutional investors own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of recent research reports. Barclays dropped their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI cut their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Macquarie lowered their target price 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. Truist Financial lowered their price objective on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price target for the stock from $228.00 to $296.00 in a research note on Monday. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Stock Up 1.2%

Shares of HLT traded up $3.00 during midday trading on Tuesday, reaching $255.42. The company had a trading volume of 142,829 shares, compared to its average volume of 1,755,517. The firm has a 50 day simple moving average of $225.35 and a 200-day simple moving average of $242.81. The stock has a market cap of $60.71 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. 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 announced its earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same period last year, the business posted $1.53 EPS. Hilton Worldwide's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

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.