Assenagon Asset Management S.A. Has $72.66 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Assenagon Asset Management S.A. grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 285.5% in the 1st quarter, Holdings Channel reports. The fund owned 319,306 shares of the company’s stock after purchasing an additional 236,475 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Hilton Worldwide were worth $72,658,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HLT. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth $36,000. Hopwood Financial Services Inc. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $41,000. Finally, OFI Invest Asset Management bought a new position in shares of Hilton Worldwide in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.0%

Shares of HLT opened at $253.55 on Thursday. The business has a 50-day simple moving average of $234.28 and a two-hundred day simple moving average of $243.75. The stock has a market cap of $60.27 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 2.86 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $275.22.

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

Hilton Worldwide Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide’s payout ratio is 9.46%.

Analysts Set New Price Targets

A number of research firms have weighed in on HLT. Truist Financial decreased their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Macquarie decreased their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Dbs Bank raised Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 14th. Barclays cut their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their price target for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Eleven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $245.56.

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.