Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) sold by Susquehanna Portfolio Strategies LLC

VaselineSeptember 28, 2024

0 4 minutes read

Susquehanna Portfolio Strategies LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 81.6% during the second quarter, Holdings Channel.com reports. The fund owned 34,155 shares of the company’s stock after selling 151,854 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Hilton Worldwide were worth $7,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky boosted its holdings in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after buying an additional 54 shares in the last quarter. AA Financial Advisors LLC boosted its holdings in Hilton Worldwide by 4.0% in the second quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock valued at $313,000 after buying an additional 55 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares in the last quarter. Finally, Holderness Investments Co. boosted its holdings in shares of Hilton Worldwide by 5.2% in the second quarter. Holderness Investments Co. now owns 1,205 shares of the company’s stock worth $263,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s shares.

The Wall Street analyst weighs in

Several brokerages have recently commented on HLT. Susquehanna started coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Barclays decreased their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie boosted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Truist Financial decreased their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus price target of $213.95, according to MarketBeat.com.

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Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. 2.50% of shares are currently owned by insiders.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide opened at $234.37 on Friday. Hilton Worldwide Holdings Inc. it has a one year low of $146.35 and a one year high of $235.67. The company has a market cap of $58.60 billion, a P/E ratio of 50.95, a PEG ratio of 2.46 and a beta of 1.31. The company’s fifty day moving average is $215.40 and its two hundred day moving average is $210.59.

Hilton Worldwide (NYSE:HLT – Get Your Free Report ) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. In the same quarter last year, the business earned $1.63 EPS. The company’s revenue increased by 10.9% year-on-year. As a group, equities analysts expect Hilton Worldwide Holdings Inc. to post 7.05 earnings per share for the current year.

Hilton Worldwide announces dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 23. This represents an annualized dividend of $0.60 and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Hilton’s global profile

(Free Report)

Hilton Worldwide Holdings Inc, a hospitality company, engages in the management, franchising, ownership and leasing of hotels and resorts. It operates through two segments, management and franchise and ownership. The company is engaged in hotel management and licensing of its brands. It operates luxury hotels under the brands Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts and Conrad Hotels & Resorts; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton and Motto by Hilton brands; full-service hotels under the Signia by Hilton, Hilton Hotels & Resorts and DoubleTree by Hilton brands; hotel services under the brand Hilton Garden Inn, Hampton by Hilton and Tru by Hilton; apartment hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton brands; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.