Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Man Group plc

Man Group plc lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 292.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,034 shares of the company’s stock after acquiring an additional 37,283 shares during the quarter. Man Group plc’s holdings in Hilton Worldwide were worth $12,366,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HLT. NorthRock Partners LLC increased its stake in Hilton Worldwide by 210.2% during the 4th quarter. NorthRock Partners LLC now owns 2,969 shares of the company’s stock worth $734,000 after buying an additional 2,012 shares during the period. OMERS ADMINISTRATION Corp increased its stake in Hilton Worldwide by 19.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 10,665 shares of the company’s stock worth $2,636,000 after buying an additional 1,767 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hilton Worldwide by 57.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,929 shares of the company’s stock worth $10,116,000 after buying an additional 14,960 shares during the period. LMR Partners LLP increased its stake in Hilton Worldwide by 8,908.7% during the 4th quarter. LMR Partners LLP now owns 52,500 shares of the company’s stock worth $12,976,000 after buying an additional 53,096 shares during the period. Finally, Lighthouse Investment Partners LLC increased its stake in Hilton Worldwide by 251.0% during the 4th quarter. Lighthouse Investment Partners LLC now owns 31,589 shares of the company’s stock worth $7,808,000 after buying an additional 22,589 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 1.3%

Shares of Hilton Worldwide stock opened at $255.76 on Friday. The company has a fifty day simple moving average of $226.35 and a 200-day simple moving average of $243.23. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The stock has a market cap of $60.79 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 2.86 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HLT shares. Macquarie cut 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 note on Friday, May 2nd. Mizuho reissued a “neutral” rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the company from $228.00 to $296.00 in a research report on Monday, May 12th. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $245.56.

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.