72,525 Shares in Hilton Worldwide Holdings Inc. $HLT Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 72,525 shares of the company’s stock, valued at approximately $23,072,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Profund Advisors LLC lifted its position in Hilton Worldwide by 1.2% in the third quarter. Profund Advisors LLC now owns 3,058 shares of the company’s stock worth $973,000 after purchasing an additional 35 shares during the period. Vise Technologies Inc. increased its holdings in Hilton Worldwide by 18.7% in the 3rd quarter. Vise Technologies Inc. now owns 7,386 shares of the company’s stock valued at $2,350,000 after buying an additional 1,165 shares during the period. Invera Wealth Advisors LLC increased its holdings in Hilton Worldwide by 15.9% in the 3rd quarter. Invera Wealth Advisors LLC now owns 1,382 shares of the company’s stock valued at $440,000 after buying an additional 190 shares during the period. State of Wyoming raised its stake in shares of Hilton Worldwide by 139.9% in the 3rd quarter. State of Wyoming now owns 1,046 shares of the company’s stock valued at $333,000 after buying an additional 610 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Hilton Worldwide by 7,230.2% in the 3rd quarter. International Assets Investment Management LLC now owns 95,000 shares of the company’s stock valued at $30,221,000 after buying an additional 93,704 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HLT shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $390.00 price objective on shares of Hilton Worldwide in a report on Wednesday, October 28th. JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $365.00 to $387.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings lowered shares of Hilton Worldwide from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Morgan Stanley increased their price target on shares of Hilton Worldwide from $349.00 to $362.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, China Intl Cap upgraded shares of Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $363.57.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Kevin Jacobs sold 151,050 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $356.19, for a total value of $53,802,499.50. Following the transaction, the insider directly owned 293,758 shares in the company, valued at $104,633,662.02. The trade was a 33.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Fuentes sold 7,289 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the sale, the insider directly owned 33,458 shares in the company, valued at $10,365,622.98. This represents a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 158,778 shares of company stock worth $56,196,944 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $364.57 on Tuesday. The business’s fifty day moving average price is $325.78 and its two-hundred day moving average price is $321.08. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $368.49. The stock has a market capitalization of $81.12 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 2.74 and a beta of 1.10.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business earned $2.11 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Research analysts expect that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.11%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.