Gotham Asset Management LLC Trims Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Gotham Asset Management LLC trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.2% during the 4th quarter, HoldingsChannel reports. The firm owned 98,722 shares of the company’s stock after selling 19,075 shares during the period. Gotham Asset Management LLC’s holdings in Hilton Worldwide were worth $24,400,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fiduciary Trust Co boosted its stake in shares of Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after purchasing an additional 38 shares during the period. Palumbo Wealth Management LLC lifted its stake in Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after purchasing an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Hilton Worldwide by 1.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after buying an additional 43 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Hilton Worldwide by 2.8% during the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after buying an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its holdings in shares of Hilton Worldwide by 3.7% in the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock worth $351,000 after buying an additional 51 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $243.18 on Friday. The stock’s 50-day moving average is $225.49 and its 200 day moving average is $242.58. Hilton Worldwide Holdings Inc. has a 1-year low of $194.93 and a 1-year high of $275.22. The company has a market cap of $57.80 billion, a P/E ratio of 39.54, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the business earned $1.53 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Macquarie cut their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Barclays dropped their target price on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Truist Financial decreased their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $241.31.

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.