MYDA Advisors LLC Purchases New Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT)

MYDA Advisors LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,000 shares of the company’s stock, valued at approximately $3,628,000. Hilton Worldwide accounts for 1.0% of MYDA Advisors LLC’s holdings, making the stock its 22nd largest holding.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Hilton Worldwide by 0.8% in the first quarter. BlackRock Inc. now owns 18,585,630 shares of the company’s stock worth $2,247,376,000 after purchasing an additional 142,230 shares during the period. FMR LLC boosted its position in shares of Hilton Worldwide by 83.9% during the 4th quarter. FMR LLC now owns 7,540,948 shares of the company’s stock worth $839,006,000 after acquiring an additional 3,441,034 shares in the last quarter. Nuveen Asset Management LLC raised its position in Hilton Worldwide by 3.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,030,630 shares of the company’s stock valued at $337,188,000 after purchasing an additional 87,934 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Hilton Worldwide by 1.9% during the fourth quarter. Janus Henderson Group PLC now owns 2,759,179 shares of the company’s stock worth $306,989,000 after purchasing an additional 51,191 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $277,252,000. 96.63% of the stock is owned by institutional investors.

HLT traded up $0.53 during midday trading on Friday, hitting $127.12. The company had a trading volume of 5,888 shares, compared to its average volume of 2,349,538. The stock’s 50 day simple moving average is $124.82. Hilton Worldwide Holdings Inc. has a 52 week low of $69.83 and a 52 week high of $132.69. The stock has a market cap of $35.41 billion, a P/E ratio of -41.92 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, May 5th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $874.00 million during the quarter, compared to the consensus estimate of $1.04 billion. Hilton Worldwide had a negative net margin of 25.79% and a negative return on equity of 2.24%. The business’s quarterly revenue was down 54.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 1.59 earnings per share for the current fiscal year.

HLT has been the subject of a number of research reports. Zacks Investment Research raised shares of Hilton Worldwide from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a report on Wednesday, March 24th. Evercore ISI lifted their price target on Hilton Worldwide from $100.00 to $123.00 and gave the company an “in-line” rating in a research note on Monday, February 22nd. Morgan Stanley upped their price objective on Hilton Worldwide from $101.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Hilton Worldwide from $104.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, May 6th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, May 18th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.67.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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