PDT Partners LLC Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

PDT Partners LLC cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,205 shares of the company's stock after selling 2,296 shares during the quarter. PDT Partners LLC's holdings in Hilton Worldwide were worth $1,286,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HLT. Principal Financial Group Inc. grew its position in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. Morse Asset Management Inc lifted its stake in shares of Hilton Worldwide by 3.9% during the 3rd quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock worth $617,000 after purchasing an additional 100 shares during the last quarter. Anchor Investment Management LLC raised its holdings in Hilton Worldwide by 97.0% in the third quarter. Anchor Investment Management LLC now owns 465 shares of the company's stock worth $107,000 after purchasing an additional 229 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in shares of Hilton Worldwide during the third quarter valued at about $669,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $765,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Hilton Worldwide Stock Down 0.3 %

Shares of Hilton Worldwide stock traded down $0.71 on Tuesday, reaching $238.25. The company's stock had a trading volume of 432,836 shares, compared to its average volume of 1,743,645. The company has a market capitalization of $56.63 billion, a P/E ratio of 38.76, a PEG ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 52-week low of $194.93 and a 52-week high of $275.22. The stock has a 50-day moving average price of $227.14 and a 200-day moving average price of $242.55.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the business posted $1.53 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide's dividend payout ratio is presently 9.46%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays dropped their target price on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Evercore ISI cut their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Truist Financial dropped their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group dropped their price target on Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $241.31.

Hilton Worldwide Company 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.