NEOS Investment Management LLC Purchases 3,734 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

NEOS Investment Management LLC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 30.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,003 shares of the company’s stock after acquiring an additional 3,734 shares during the quarter. NEOS Investment Management LLC’s holdings in Hilton Worldwide were worth $3,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide during the 4th quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide during the 4th quarter valued at about $34,000. Groupama Asset Managment raised its stake in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after buying an additional 4,118 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Hilton Worldwide in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HLT shares. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley lifted their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Macquarie lifted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Truist Financial cut their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Susquehanna lifted their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average target price of $254.53.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $232.10 on Friday. The business has a 50 day simple moving average of $251.36 and a two-hundred day simple moving average of $244.61. The stock has a market capitalization of $55.84 billion, a P/E ratio of 37.74, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

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.