ExodusPoint Capital Management LP Reduces Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

ExodusPoint Capital Management LP lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,753 shares of the company’s stock after selling 42,730 shares during the period. ExodusPoint Capital Management LP’s holdings in Hilton Worldwide were worth $46,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in Hilton Worldwide in the fourth quarter worth $694,787,000. Principal Financial Group Inc. boosted its stake in shares of Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. JPMorgan Chase & Co. increased its stake in Hilton Worldwide by 13.2% in the 4th 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 during the period. Arrowstreet Capital Limited Partnership lifted its holdings 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 valued at $806,999,000 after buying an additional 685,023 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Hilton Worldwide by 2,746.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock valued at $133,487,000 after buying an additional 484,436 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $231.67 on Thursday. The business’s 50-day moving average is $249.83 and its 200 day moving average is $245.21. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The firm has a market capitalization 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 (NYSE:HLT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HLT. Wells Fargo & Company boosted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Truist Financial decreased their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a report on Friday, March 21st. The Goldman Sachs Group upped 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. Mizuho reissued a “neutral” rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Morgan Stanley upped their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average price target of $254.53.

Hilton Worldwide Company Profile

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.