Sig Brokerage LP Makes New $48.85 Million Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sig Brokerage LP acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 197,643 shares of the company's stock, valued at approximately $48,849,000. Hilton Worldwide accounts for approximately 2.6% of Sig Brokerage LP's investment portfolio, making the stock its 2nd largest holding. Sig Brokerage LP owned about 0.08% of Hilton Worldwide at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock worth $651,000 after buying an additional 1,740 shares during the last quarter. Amundi boosted its stake in Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company's stock worth $232,098,000 after buying an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilton Worldwide by 2.2% during the fourth 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 last quarter. SVB Wealth LLC acquired a new position in Hilton Worldwide during the fourth quarter worth $1,138,000. Finally, NewEdge Wealth LLC boosted its stake in Hilton Worldwide by 16.8% during the fourth quarter. NewEdge Wealth LLC now owns 7,120 shares of the company's stock worth $1,760,000 after buying an additional 1,023 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

Shares of HLT traded up $0.67 during mid-day trading on Monday, reaching $256.44. The company's stock had a trading volume of 1,072,809 shares, compared to its average volume of 1,761,445. The company's 50 day moving average is $226.35 and its 200 day moving average is $243.29. The stock has a market cap of $60.96 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released 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. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley decreased their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Wells Fargo & Company upped their price target 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. Raymond James upped their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Truist Financial decreased their price target on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $245.56.

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.