Jacobs Levy Equity Management Inc. Purchases 52,622 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,196 shares of the company's stock after purchasing an additional 52,622 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.14% of Hilton Worldwide worth $87,296,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after purchasing an additional 919,424 shares in the last quarter. Capital International Investors grew its holdings in Hilton Worldwide by 2.0% during the 4th quarter. Capital International Investors now owns 7,225,495 shares of the company's stock valued at $1,786,151,000 after buying an additional 142,620 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hilton Worldwide by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock valued at $1,456,893,000 after buying an additional 67,292 shares in the last quarter. Franklin Resources Inc. grew its holdings in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock valued at $1,090,346,000 after buying an additional 320,550 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock valued at $840,164,000 after buying an additional 164,461 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Down 0.1%

Shares of HLT stock traded down $0.19 on Wednesday, reaching $255.82. 169,929 shares of the company's stock were exchanged, compared to its average volume of 1,756,027. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22. The stock has a market capitalization of $60.81 billion, a PE ratio of 41.59, a P/E/G ratio of 2.86 and a beta of 1.23. The company's fifty day simple moving average is $225.48 and its 200 day simple moving average is $242.91.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results 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. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the company earned $1.53 EPS. Hilton Worldwide's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial cut their price target on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and raised their price target for the company from $228.00 to $296.00 in a report on Monday. Mizuho restated a "neutral" rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Susquehanna raised their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Hilton Worldwide presently has a consensus rating of "Hold" and an average price target of $245.56.

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.