Zweig DiMenna Associates LLC Invests $1.82 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Zweig DiMenna Associates LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,000 shares of the company's stock, valued at approximately $1,821,000.

Other hedge funds have also modified their holdings of the company. Savoir Faire Capital Management L.P. acquired a new position in Hilton Worldwide during the third quarter worth $4,270,000. Nordea Investment Management AB raised its holdings in shares of Hilton Worldwide by 6.3% in the fourth quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company's stock worth $305,159,000 after acquiring an additional 98,790 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Hilton Worldwide in the third quarter worth $1,276,000. Hudson Bay Capital Management LP raised its holdings in shares of Hilton Worldwide by 116.5% in the third quarter. Hudson Bay Capital Management LP now owns 82,350 shares of the company's stock worth $12,367,000 after acquiring an additional 44,316 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its holdings in shares of Hilton Worldwide by 8.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 2,104 shares of the company's stock worth $383,000 after acquiring an additional 159 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HLT. HSBC boosted their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a "buy" rating in a report on Wednesday. Truist Financial restated a "hold" rating and set a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. BMO Capital Markets boosted their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 20th. Evercore ISI boosted their price target on Hilton Worldwide from $200.00 to $210.00 and gave the stock an "in-line" rating in a research note on Wednesday, March 20th. Finally, Macquarie boosted their price target on Hilton Worldwide from $190.00 to $192.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of "Moderate Buy" and an average target price of $201.28.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.40% of the company's stock.

Hilton Worldwide Stock Up 1.4 %

Shares of NYSE:HLT traded up $2.90 during trading on Friday, hitting $211.69. 1,369,916 shares of the company traded hands, compared to its average volume of 1,300,414. The stock has a market capitalization of $53.38 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 1.87 and a beta of 1.25. The business's fifty day moving average is $202.94 and its 200-day moving average is $179.61. Hilton Worldwide Holdings Inc. has a one year low of $134.43 and a one year high of $215.79.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.11. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 EPS. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Hilton Worldwide's dividend payout ratio (DPR) is presently 13.86%.

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.