Hudson Bay Capital Management LP Reduces Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Hudson Bay Capital Management LP reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 86.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,531 shares of the company’s stock after selling 53,752 shares during the period. Hudson Bay Capital Management LP’s holdings in Hilton Worldwide were worth $2,109,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after buying an additional 1,740 shares in the last quarter. Amundi increased its position in Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after buying an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after buying an additional 4,846 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Hilton Worldwide during the fourth quarter worth $1,246,000. Finally, SVB Wealth LLC purchased a new position in Hilton Worldwide during the fourth quarter worth $1,138,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLT has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Truist Financial lowered their price objective on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Evercore ISI lowered their price objective on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Finally, Macquarie lowered their price objective on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $245.56.

Hilton Worldwide Trading Up 1.8%

HLT stock opened at $257.00 on Wednesday. The stock has a 50-day moving average price of $225.48 and a two-hundred day moving average price of $242.91. 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 cap of $61.09 billion, a PE ratio of 41.79, 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 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

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.