Seven Eight Capital LP Makes New $939,000 Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Seven Eight Capital LP purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,250 shares of the company’s stock, valued at approximately $939,000.

A number of other institutional investors also recently bought and sold shares of HLT. OFI Invest Asset Management purchased a new stake in Hilton Worldwide during the 3rd quarter worth about $25,000. Exchange Traded Concepts LLC purchased a new stake in Hilton Worldwide during the 3rd quarter worth about $31,000. Bartlett & Co. LLC purchased a new stake in Hilton Worldwide during the 3rd quarter worth about $33,000. Clear Street Markets LLC purchased a new stake in Hilton Worldwide during the 4th quarter worth about $34,000. Finally, VitalStone Financial LLC lifted its holdings in Hilton Worldwide by 115.4% during the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock worth $35,000 after buying an additional 120 shares during the last quarter. 94.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HLT has been the subject of several research reports. Jefferies Financial Group boosted their target price on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. BMO Capital Markets boosted their target price on Hilton Worldwide from $184.00 to $203.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Barclays boosted their target price on Hilton Worldwide from $200.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Macquarie boosted their target price on Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Evercore ISI reissued an “in-line” rating and issued a $200.00 target price on shares of Hilton Worldwide in a report on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $180.69.

Read Our Latest Analysis on HLT

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’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 value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by insiders.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $204.94 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $129.86 and a 1-year high of $206.65. The business has a 50-day moving average of $192.11 and a 200-day moving average of $170.67. The company has a market capitalization of $51.68 billion, a PE ratio of 47.33, a P/E/G ratio of 1.78 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. Hilton Worldwide’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.86%.

Hilton Worldwide declared that its board has initiated a stock buyback plan on Thursday, November 9th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Hilton Worldwide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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