Keystone Investors PTE Ltd. Purchases New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Keystone Investors PTE Ltd. acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,500 shares of the company’s stock, valued at approximately $2,101,000.

A number of other large investors have also recently made changes to their positions in HLT. Noble Wealth Management PBC purchased a new position in Hilton Worldwide during the 4th quarter valued at $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at about $34,000. Sierra Ocean LLC bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $41,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $232.62 on Tuesday. The firm has a market capitalization of $55.97 billion, a PE ratio of 37.82, a PEG ratio of 2.86 and a beta of 1.29. The stock has a fifty day simple moving average of $252.04 and a two-hundred day simple moving average of $244.61. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a $0.15 dividend. 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 currently 9.76%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group boosted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company upped their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Raymond James lifted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Macquarie increased their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $254.53.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

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.