Price T Rowe Associates Inc. MD Has $1.42 Billion Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Price T Rowe Associates Inc. MD cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.0% during the 1st quarter, Holdings Channel reports. The fund owned 6,634,213 shares of the company’s stock after selling 1,303 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Hilton Worldwide were worth $1,415,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after buying an additional 761,104 shares during the last quarter. Putnam Investments LLC grew its holdings in shares of Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after buying an additional 216,219 shares during the last quarter. Capital World Investors grew its holdings in shares of Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares during the last quarter. Norges Bank acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at about $475,073,000. Finally, TD Asset Management Inc boosted its holdings in Hilton Worldwide by 2.8% during the first quarter. TD Asset Management Inc now owns 2,132,393 shares of the company’s stock worth $454,861,000 after purchasing an additional 57,895 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Trading Up 1.1 %

Shares of NYSE HLT traded up $2.43 during midday trading on Friday, hitting $215.61. The company’s stock had a trading volume of 1,615,572 shares, compared to its average volume of 1,496,496. The stock has a fifty day moving average price of $211.60 and a 200 day moving average price of $204.36. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03. The firm has a market capitalization of $53.91 billion, a price-to-earnings ratio of 46.87, a P/E/G ratio of 1.90 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on HLT shares. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Mizuho cut their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Truist Financial boosted their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Macquarie reaffirmed a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Finally, Susquehanna assumed coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $209.16.

Insider Buying and Selling

In other news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the acquisition, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

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.