Man Group plc Increases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Man Group plc grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 292.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,034 shares of the company’s stock after acquiring an additional 37,283 shares during the quarter. Man Group plc’s holdings in Hilton Worldwide were worth $12,366,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HLT. Noble Wealth Management PBC purchased a new position in Hilton Worldwide during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide during the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide during the fourth quarter worth about $34,000. Sierra Ocean LLC purchased a new position in Hilton Worldwide during the fourth quarter worth about $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide during the fourth quarter worth about $41,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HLT shares. Mizuho reissued a “neutral” rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and increased their price target for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Susquehanna increased their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $245.56.

Hilton Worldwide Price Performance

HLT stock opened at $255.76 on Friday. The company’s 50 day simple moving average is $226.35 and its 200-day simple moving average is $243.23. The firm has a market capitalization of $60.79 billion, a PE ratio of 41.59, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12 month low of $194.93 and a 12 month high of $275.22.

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

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.