Synovus Financial Corp Trims Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Synovus Financial Corp decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,887 shares of the company’s stock after selling 167 shares during the period. Synovus Financial Corp’s holdings in Hilton Worldwide were worth $592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Hilton Worldwide by 7.5% in the first quarter. Parallel Advisors LLC now owns 1,166 shares of the company’s stock worth $141,000 after purchasing an additional 81 shares in the last quarter. CX Institutional grew its stake in Hilton Worldwide by 16.9% during the first quarter. CX Institutional now owns 657 shares of the company’s stock valued at $79,000 after acquiring an additional 95 shares in the last quarter. Montag A & Associates Inc. grew its stake in Hilton Worldwide by 2.3% during the fourth quarter. Montag A & Associates Inc. now owns 4,366 shares of the company’s stock valued at $486,000 after acquiring an additional 100 shares in the last quarter. Advisor Partners LLC grew its stake in Hilton Worldwide by 2.8% during the fourth quarter. Advisor Partners LLC now owns 4,357 shares of the company’s stock valued at $485,000 after acquiring an additional 119 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its stake in Hilton Worldwide by 4.3% during the first quarter. Gilbert & Cook Inc. now owns 3,295 shares of the company’s stock valued at $398,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 96.63% of the company’s stock.

Shares of NYSE HLT opened at $126.59 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $69.83 and a 52 week high of $132.69. The business has a fifty day moving average price of $124.82. The stock has a market capitalization of $35.26 billion, a P/E ratio of -41.92 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The company had revenue of $874.00 million for the quarter, compared to analysts’ expectations of $1.04 billion. Hilton Worldwide had a negative net margin of 25.79% and a negative return on equity of 2.24%. The firm’s revenue for the quarter was down 54.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 1.59 EPS for the current fiscal year.

Several equities analysts recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, May 18th. Truist Securities boosted their price objective on shares of Hilton Worldwide from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, April 20th. Zacks Investment Research upgraded shares of Hilton Worldwide from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a research report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Hilton Worldwide from $104.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday, May 6th. Finally, Macquarie lifted their target price on shares of Hilton Worldwide from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, February 18th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.67.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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