Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by ShawSpring Partners LLC

ShawSpring Partners LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 36.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,420 shares of the company’s stock after selling 169,001 shares during the period. Hilton Worldwide comprises 8.4% of ShawSpring Partners LLC’s investment portfolio, making the stock its 8th largest holding. ShawSpring Partners LLC’s holdings in Hilton Worldwide were worth $66,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HLT. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide during the 3rd quarter worth $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter worth approximately $33,000. NewSquare Capital LLC bought a new stake in Hilton Worldwide in the second quarter valued at approximately $37,000. Family Firm Inc. acquired a new stake in Hilton Worldwide during the 2nd quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Bank of America boosted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. TD Cowen decreased their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $228.71.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $252.92 on Wednesday. Hilton Worldwide Holdings Inc. has a 52-week low of $165.25 and a 52-week high of $255.86. The stock has a fifty day moving average of $238.60 and a 200 day moving average of $221.25. The firm has a market capitalization of $61.66 billion, a price-to-earnings ratio of 54.27, a P/E/G ratio of 3.19 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.67 earnings per share. Hilton Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

Hilton Worldwide announced that its board has authorized a share repurchase plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Hilton Worldwide 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.