14,737 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,737 shares of the company’s stock, valued at approximately $3,397,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its holdings in Hilton Worldwide by 2.1% in the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock valued at $2,585,148,000 after buying an additional 226,223 shares during the last quarter. Principal Financial Group Inc. boosted 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 acquiring an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the last quarter. Jennison Associates LLC raised its position in shares of Hilton Worldwide by 33.2% during the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after acquiring an additional 806,029 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after purchasing an additional 200,329 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 1.2 %

Shares of NYSE:HLT opened at $258.46 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $168.29 and a fifty-two week high of $259.01. The firm’s 50-day simple moving average is $242.21 and its 200-day simple moving average is $223.31. The company has a market cap of $63.01 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 3.20 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide announced that its Board of Directors has approved a share buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 12.88%.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on 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 sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen dropped their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company dropped their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Mizuho lifted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Truist Financial lifted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $228.71.

About Hilton Worldwide

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.