NorthRock Partners LLC Raises Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

NorthRock Partners LLC boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 210.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,969 shares of the company’s stock after buying an additional 2,012 shares during the quarter. NorthRock Partners LLC’s holdings in Hilton Worldwide were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HLT. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after purchasing an additional 919,424 shares during the period. Capital International Investors grew its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock valued at $1,786,151,000 after buying an additional 142,620 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hilton Worldwide by 1.2% in 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 buying an additional 67,292 shares during the period. Franklin Resources Inc. lifted its stake in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock worth $1,090,346,000 after acquiring an additional 320,550 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock valued at $840,164,000 after acquiring an additional 164,461 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

NYSE HLT opened at $252.55 on Friday. The firm’s fifty day moving average price is $225.86 and its 200 day moving average price is $243.09. Hilton Worldwide Holdings Inc. has a 12 month low of $194.93 and a 12 month high of $275.22. The company has a market capitalization of $60.03 billion, a price-to-earnings ratio of 41.07, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company posted $1.53 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on HLT shares. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $228.00 to $296.00 in a research note on Monday. Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Truist Financial decreased their target price on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $245.56.

Hilton Worldwide 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.