ExodusPoint Capital Management LP Sells 42,730 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

ExodusPoint Capital Management LP cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,753 shares of the company’s stock after selling 42,730 shares during the quarter. ExodusPoint Capital Management LP owned 0.08% of Hilton Worldwide worth $46,158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HLT. Cinctive Capital Management LP purchased a new stake in Hilton Worldwide during the 4th quarter valued at $1,645,000. Huntington National Bank increased its position in Hilton Worldwide by 3.0% during the fourth quarter. Huntington National Bank now owns 41,928 shares of the company’s stock valued at $10,363,000 after acquiring an additional 1,230 shares during the last quarter. Meeder Advisory Services Inc. increased its position in Hilton Worldwide by 3.2% during the fourth quarter. Meeder Advisory Services Inc. now owns 6,261 shares of the company’s stock valued at $1,547,000 after acquiring an additional 193 shares during the last quarter. Trexquant Investment LP bought a new position in Hilton Worldwide in the fourth quarter valued at about $6,617,000. Finally, Geode Capital Management LLC grew its stake in shares of Hilton Worldwide by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after purchasing an additional 67,292 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLT has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Jefferies Financial Group boosted their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial lowered their target price on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $254.53.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $231.67 on Thursday. The company has a market cap of $55.51 billion, a P/E ratio of 37.67, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The firm’s fifty day moving average is $249.83 and its two-hundred day moving average is $245.21.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

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.