Quadrature Capital Ltd Makes New $2.79 Million Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Quadrature Capital Ltd acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,098 shares of the company’s stock, valued at approximately $2,792,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Chase Investment Counsel Corp purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at $2,480,000. International Assets Investment Management LLC grew its holdings in shares of 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 acquiring an additional 294,937 shares in the last quarter. AIA Group Ltd grew its holdings in shares of Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after acquiring an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after acquiring an additional 4,677 shares in the last quarter. Finally, Syon Capital LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at $447,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Melanie Healey acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

Shares of HLT traded up $2.43 during trading hours on Friday, reaching $215.61. 1,615,572 shares of the company traded hands, compared to its average volume of 1,496,496. The stock’s fifty day moving average is $211.60 and its 200 day moving average is $204.36. The stock has a market cap of $53.91 billion, a P/E ratio of 46.87, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HLT. Truist Financial upped their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Bank of America upped their price objective on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. HSBC upped their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Barclays upped their price objective on shares of Hilton Worldwide from $219.00 to $228.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $209.16.

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.