BlackRock Amends Hilton Holdings Stake, Signals Continued Confidence

TL;DR

**BlackRock still owns a big chunk of Hilton, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership of Hilton Worldwide Holdings Inc. common stock as of December 31, 2023. This amendment (Amendment No. 5) updates their previous filing, showing BlackRock continues to be a significant institutional holder in Hilton. This matters to investors because BlackRock's continued substantial stake signals confidence in Hilton's long-term prospects, potentially influencing other institutional and retail investors.

Why It Matters

BlackRock's consistent large ownership in Hilton Worldwide Holdings Inc. suggests a strong institutional belief in the company's value, which can reassure current shareholders and attract new investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for Hilton Worldwide Holdings Inc.

Analyst Insight

An investor should note BlackRock's continued presence as a major shareholder, which can be a positive signal, but should also conduct their own due diligence on Hilton Worldwide Holdings Inc.'s financials and market position, as this filing alone doesn't provide new operational insights or changes in ownership percentage.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person filing the SC 13G/A
• Hilton Worldwide Holdings Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event which required the filing
• January 26, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001086364-24-004621.txt : 20240126 0001086364-24-004621.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004621 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Hilton Worldwide Holdings Inc. CENTRAL INDEX KEY: 0001585689 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 274384691 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87972 FILM NUMBER: 24568100 BUSINESS ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 703-883-1000 MAIL ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us43300a2033_012624.txt us43300a2033_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) Hilton Worldwide Holdings Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 43300A203 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 43300A203 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 16618656 (6) Shared voting power 0 (7) Sole dispositive power 18189171 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 18189171 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Hilton Worldwide Holdings Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 7930 JONES BRANCH DRIVE, SUITE 1100 MCLEAN VA 22102 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal busine