Belpointe Asset Management LLC boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 120.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,919 shares of the company’s stock after buying an additional 1,049 shares during the quarter. Belpointe Asset Management LLC’s holdings in Hilton Worldwide were worth $231,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Concord Wealth Partners purchased a new position in Hilton Worldwide in the 1st quarter valued at about $26,000. Assetmark Inc. raised its holdings in Hilton Worldwide by 60.6% in the 1st quarter. Assetmark Inc. now owns 228 shares of the company’s stock valued at $28,000 after acquiring an additional 86 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Hilton Worldwide by 186.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 412 shares of the company’s stock valued at $49,000 after acquiring an additional 268 shares during the last quarter. Vigilant Capital Management LLC acquired a new stake in Hilton Worldwide in the 2nd quarter valued at about $52,000. Finally, Prime Capital Investment Advisors LLC raised its holdings in Hilton Worldwide by 53.0% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 505 shares of the company’s stock valued at $61,000 after acquiring an additional 175 shares during the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.
In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction on Monday, August 16th. The shares were sold at an average price of $121.42, for a total value of $364,260.00. Following the transaction, the insider now directly owns 287,953 shares in the company, valued at $34,963,253.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Thursday, July 29th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.22. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Hilton Worldwide had a negative net margin of 6.98% and a negative return on equity of 10.48%. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 2.09 earnings per share for the current fiscal year.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Hilton Worldwide from a “sell” rating to a “hold” rating and set a $141.00 target price for the company in a report on Friday, July 30th. Truist Securities lifted their target price on shares of Hilton Worldwide from $116.00 to $127.00 and gave the company a “hold” rating in a report on Friday, July 30th. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $110.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hilton Worldwide from $113.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, July 30th. Finally, Argus raised their price target on shares of Hilton Worldwide from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Monday, August 2nd. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $120.83.
About Hilton Worldwide
Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.
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