SurgoCap Partners LP Makes New $109.49 Million Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SurgoCap Partners LP bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 443,000 shares of the company’s stock, valued at approximately $109,492,000. Hilton Worldwide accounts for approximately 5.6% of SurgoCap Partners LP’s portfolio, making the stock its 9th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $36,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $41,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.3%

Shares of HLT stock opened at $255.76 on Friday. The firm has a 50 day moving average price of $226.35 and a two-hundred day moving average price of $243.23. The company has a market capitalization of $60.79 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HLT shares. Barclays decreased their price objective on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Raymond James raised their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Robert W. Baird raised their target price on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Eleven research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $245.56.

About Hilton Worldwide

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.