Benjamin Edwards Inc. Purchases 426 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Benjamin Edwards Inc. grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.0% in the fourth quarter, HoldingsChannel reports. The fund owned 2,933 shares of the company’s stock after buying an additional 426 shares during the period. Benjamin Edwards Inc.’s holdings in Hilton Worldwide were worth $725,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HLT. Norges Bank acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $694,787,000. JPMorgan Chase & Co. grew its position in Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock worth $806,999,000 after acquiring an additional 685,023 shares during the period. Marshall Wace LLP lifted its position in shares of Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company’s stock valued at $188,400,000 after acquiring an additional 617,604 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Hilton Worldwide by 2,746.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock worth $133,487,000 after purchasing an additional 484,436 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Price Performance

HLT stock opened at $243.18 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22. The stock has a market capitalization of $57.80 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company’s 50-day moving average is $225.49 and its 200-day moving average is $242.58.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 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 firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm posted $1.53 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on HLT. Macquarie cut their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price target on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Wells Fargo & Company raised their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Barclays lowered their price target on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $241.31.

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.