Ardevora Asset Management LLP Trims Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ardevora Asset Management LLP reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 98.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,486 shares of the company's stock after selling 121,197 shares during the period. Ardevora Asset Management LLP's holdings in Hilton Worldwide were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HLT. Deutsche Bank AG raised its holdings in Hilton Worldwide by 181.1% in the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company's stock worth $391,640,000 after purchasing an additional 1,680,156 shares during the period. Artemis Investment Management LLP bought a new position in Hilton Worldwide in the 4th quarter worth $64,221,000. International Assets Investment Management LLC raised its holdings in Hilton Worldwide by 19,454.9% in the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company's stock worth $53,981,000 after purchasing an additional 294,937 shares during the period. Darsana Capital Partners LP raised its holdings in Hilton Worldwide by 14.3% in the 3rd quarter. Darsana Capital Partners LP now owns 2,000,000 shares of the company's stock worth $300,360,000 after purchasing an additional 250,000 shares during the period. Finally, Barclays PLC raised its holdings in Hilton Worldwide by 44.4% in the 3rd quarter. Barclays PLC now owns 762,082 shares of the company's stock worth $114,447,000 after purchasing an additional 234,365 shares during the period. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Up 0.3 %

HLT traded up $0.67 on Monday, hitting $195.14. The company had a trading volume of 1,896,849 shares, compared to its average volume of 1,465,259. The company has a market cap of $49.05 billion, a PE ratio of 44.91, a PEG ratio of 1.72 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79. The business's fifty day simple moving average is $205.13 and its 200 day simple moving average is $183.53.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The company 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 firm's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.59 earnings per share. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 annualized dividend and a dividend yield of 0.31%. Hilton Worldwide's dividend payout ratio (DPR) is presently 13.86%.

Analyst Ratings Changes

HLT has been the topic of a number of recent analyst reports. Evercore ISI raised their price target on Hilton Worldwide from $200.00 to $210.00 and gave the company an "in-line" rating in a report on Wednesday, March 20th. Wells Fargo & Company raised their price target on Hilton Worldwide from $196.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday, March 20th. Robert W. Baird raised their price target on Hilton Worldwide from $210.00 to $212.00 and gave the company an "outperform" rating in a report on Thursday, March 21st. Truist Financial reissued a "hold" rating and set a $199.00 price target on shares of Hilton Worldwide in a report on Wednesday, March 20th. Finally, Jefferies Financial Group raised their price target on Hilton Worldwide from $157.00 to $182.00 and gave the company a "hold" rating in a report on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.94.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.50% of the company's stock.

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.