Point72 Asia Singapore Pte. Ltd. Purchases Shares of 4,381 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,381 shares of the company’s stock, valued at approximately $1,083,000.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HLT shares. Wells Fargo & Company raised their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Macquarie dropped their target price on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Barclays reduced their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Robert W. Baird raised their price objective on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $245.56.

Hilton Worldwide Trading Down 1.2%

Shares of HLT stock opened at $252.98 on Thursday. The company has a market capitalization of $60.13 billion, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The business’s 50 day moving average is $225.59 and its two-hundred day moving average is $242.98. Hilton Worldwide Holdings Inc. has a twelve month low of $194.93 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Hilton Worldwide’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

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.