Trexquant Investment LP Sells 20,610 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Trexquant Investment LP lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 60.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,756 shares of the company’s stock after selling 20,610 shares during the period. Trexquant Investment LP’s holdings in Hilton Worldwide were worth $2,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chase Investment Counsel Corp purchased a new stake in Hilton Worldwide during the 4th quarter valued at $2,480,000. Savoir Faire Capital Management L.P. purchased a new stake in Hilton Worldwide during the 3rd quarter valued at $4,270,000. International Assets Investment Management LLC boosted its stake in Hilton Worldwide by 19,454.9% during the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after purchasing an additional 294,937 shares during the last quarter. Syon Capital LLC purchased a new stake in Hilton Worldwide during the 4th quarter valued at $447,000. Finally, Jennison Associates LLC boosted its stake in Hilton Worldwide by 11.5% during the 4th quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock valued at $54,267,000 after purchasing an additional 30,676 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 1.6 %

NYSE:HLT opened at $203.24 on Friday. The business’s 50-day simple moving average is $205.33 and its two-hundred day simple moving average is $192.10. The stock has a market cap of $50.82 billion, a PE ratio of 44.18, a P/E/G ratio of 1.77 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.09 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. HSBC raised their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. BMO Capital Markets raised their price target on Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Barclays raised their price target on Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Truist Financial raised their price target on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, UBS Group raised their price target on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $207.59.

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.