Exchange Traded Concepts LLC Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Exchange Traded Concepts LLC lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 264.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 999 shares of the company’s stock after buying an additional 725 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Hilton Worldwide were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HLT. Independence Bank of Kentucky increased its position in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the second quarter worth $33,000. Pinnacle Bancorp Inc. bought a new stake in Hilton Worldwide in the first quarter worth $34,000. Manchester Capital Management LLC increased its position in Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Finally, NewSquare Capital LLC bought a new stake in Hilton Worldwide in the second quarter worth $37,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Bank of America boosted their price objective on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.05.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.

Hilton Worldwide Price Performance

NYSE:HLT opened at $238.81 on Monday. Hilton Worldwide Holdings Inc. has a 1-year low of $146.36 and a 1-year high of $240.00. The company has a 50-day moving average of $222.71 and a 200 day moving average of $213.42. The firm has a market cap of $59.71 billion, a PE ratio of 51.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

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.