Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Fred Alger Management LLC

Fred Alger Management LLC lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 229.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,403 shares of the company’s stock after acquiring an additional 35,121 shares during the quarter. Fred Alger Management LLC’s holdings in Hilton Worldwide were worth $6,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Meiji Yasuda Life Insurance Co increased its stake in shares of Hilton Worldwide by 8.9% during the third quarter. Meiji Yasuda Life Insurance Co now owns 7,362 shares of the company’s stock valued at $888,000 after acquiring an additional 599 shares during the period. BNP Paribas Arbitrage SNC increased its stake in shares of Hilton Worldwide by 311.3% during the third quarter. BNP Paribas Arbitrage SNC now owns 320,098 shares of the company’s stock valued at $38,610,000 after acquiring an additional 242,277 shares during the period. State Street Corp increased its stake in shares of Hilton Worldwide by 0.7% during the third quarter. State Street Corp now owns 10,213,967 shares of the company’s stock valued at $1,232,009,000 after acquiring an additional 75,154 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Hilton Worldwide by 85.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 416,547 shares of the company’s stock worth $50,244,000 after buying an additional 191,641 shares in the last quarter. Finally, Teza Capital Management LLC boosted its holdings in Hilton Worldwide by 166.8% during the third quarter. Teza Capital Management LLC now owns 25,406 shares of the company’s stock worth $3,064,000 after buying an additional 15,884 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

In other news, insider Kristin Ann Campbell sold 32,863 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $150.93, for a total transaction of $4,960,012.59. Following the transaction, the insider now owns 221,037 shares in the company, valued at approximately $33,361,114.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Hilton Worldwide Trading Up 1.1 %

Hilton Worldwide stock opened at $139.07 on Wednesday. The company has a market capitalization of $37.06 billion, a P/E ratio of 30.63, a P/E/G ratio of 0.67 and a beta of 1.24. The firm’s fifty day simple moving average is $142.30 and its 200-day simple moving average is $134.67. Hilton Worldwide Holdings Inc. has a 1-year low of $108.41 and a 1-year high of $167.99.

Hilton Worldwide (NYSE:HLT – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.39. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. Hilton Worldwide had a net margin of 14.31% and a negative return on equity of 155.17%. Hilton Worldwide’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 5.69 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be issued a $0.15 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.43%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.22%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HLT shares. BMO Capital Markets raised their target price on shares of Hilton Worldwide from $145.00 to $150.00 and gave the stock a “market perform” rating in a report on Friday, February 10th. Citigroup cut shares of Hilton Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $150.00 to $148.00 in a report on Wednesday, December 14th. Barclays upgraded shares of Hilton Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $151.00 to $168.00 in a report on Thursday, March 9th. Jefferies Financial Group cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating and reduced their target price for the stock from $153.00 to $134.00 in a report on Monday, January 9th. Finally, Morgan Stanley reduced their target price on shares of Hilton Worldwide from $171.00 to $167.00 and set an “overweight” rating for the company in a report on Tuesday, February 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.64.

Hilton Worldwide Company Profile

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Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.