ShawSpring Partners LLC Sells 112,288 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

ShawSpring Partners LLC trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 19.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 458,421 shares of the company’s stock after selling 112,288 shares during the quarter. Hilton Worldwide comprises approximately 14.4% of ShawSpring Partners LLC’s portfolio, making the stock its 3rd biggest position. ShawSpring Partners LLC owned approximately 0.18% of Hilton Worldwide worth $100,027,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky grew its stake in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of Hilton Worldwide by 1.5% during the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after acquiring an additional 54 shares during the last quarter. AA Financial Advisors LLC increased its holdings in shares of Hilton Worldwide by 4.0% in the 2nd quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock valued at $313,000 after acquiring an additional 55 shares during the period. Raleigh Capital Management Inc. boosted its stake in Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. Finally, Holderness Investments Co. grew its position in Hilton Worldwide by 5.2% during the 2nd quarter. Holderness Investments Co. now owns 1,205 shares of the company’s stock worth $263,000 after purchasing an additional 60 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on HLT. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Truist Financial cut their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird decreased their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America increased their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $213.95.

Hilton Worldwide Price Performance

HLT opened at $232.91 on Friday. Hilton Worldwide Holdings Inc. has a 12 month low of $146.35 and a 12 month high of $233.18. The business has a 50-day moving average of $215.40 and a two-hundred day moving average of $210.59. The stock has a market capitalization of $57.40 billion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31.

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

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is 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.