Marshall Wace LLP Invests $65.96 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Marshall Wace LLP acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 302,290 shares of the company’s stock, valued at approximately $65,960,000. Marshall Wace LLP owned approximately 0.12% of Hilton Worldwide as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HLT. Quadrature Capital Ltd bought a new position in Hilton Worldwide during the 1st quarter valued at $2,792,000. AIA Group Ltd boosted its stake in Hilton Worldwide by 43.4% during the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after buying an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Hilton Worldwide by 3.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after acquiring an additional 4,677 shares during the period. PGGM Investments raised its position in Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after acquiring an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after purchasing an additional 12,740 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

HLT has been the subject of a number of research reports. Barclays reduced their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird decreased their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective on the stock. Finally, Bank of America raised their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average price target of $213.95.

Hilton Worldwide Trading Up 1.7 %

Shares of NYSE:HLT opened at $228.47 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $229.03. The firm has a fifty day moving average price of $214.97 and a 200 day moving average price of $210.32. The stock has a market capitalization of $57.13 billion, a PE ratio of 49.67, a P/E/G ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

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.