Deutsche Bank AG Trims Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Deutsche Bank AG cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 582,857 shares of the company’s stock after selling 186,063 shares during the period. Deutsche Bank AG owned 0.24% of Hilton Worldwide worth $144,059,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. EP Wealth Advisors LLC boosted its position in shares of Hilton Worldwide by 4.8% during the fourth quarter. EP Wealth Advisors LLC now owns 3,912 shares of the company’s stock valued at $967,000 after purchasing an additional 179 shares in the last quarter. Colonial Trust Co SC lifted its position in Hilton Worldwide by 13,150.0% during the fourth quarter. Colonial Trust Co SC now owns 265 shares of the company’s stock valued at $65,000 after buying an additional 263 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of Hilton Worldwide by 6.1% during the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company’s stock valued at $220,000 after buying an additional 51 shares in the last quarter. Camrose Capital Investment Partners LLP purchased a new stake in shares of Hilton Worldwide in the 4th quarter worth about $10,953,000. Finally, Cetera Investment Advisers increased its stake in shares of Hilton Worldwide by 8.6% in the 4th quarter. Cetera Investment Advisers now owns 31,659 shares of the company’s stock worth $7,825,000 after acquiring an additional 2,516 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James upped their price objective 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. Mizuho reaffirmed a “neutral” rating and set a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Robert W. Baird boosted their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Susquehanna raised their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Macquarie dropped their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $241.31.

Hilton Worldwide Price Performance

Shares of HLT opened at $243.18 on Friday. The firm has a market capitalization of $57.80 billion, a P/E ratio of 39.54, a PEG ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22. The business has a fifty day moving average of $225.49 and a 200 day moving average of $242.65.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company posted $1.53 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

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.