Hilton Worldwide Holdings Inc. (NYSE:HLT) Insider Matthew W. Schuyler Sells 3,000 Shares

Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) insider Matthew W. Schuyler sold 3,000 shares of the stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $157.32, for a total transaction of $471,960.00. Following the completion of the sale, the insider now owns 262,714 shares of the company’s stock, valued at approximately $41,330,166.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:HLT traded up $6.57 during trading on Tuesday, reaching $163.14. The stock had a trading volume of 2,190,834 shares, compared to its average volume of 2,609,775. Hilton Worldwide Holdings Inc. has a one year low of $114.70 and a one year high of $163.35. The company has a market capitalization of $45.55 billion, a P/E ratio of 107.98 and a beta of 1.26. The firm’s 50-day simple moving average is $148.48 and its 200 day simple moving average is $146.30.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Hilton Worldwide had a net margin of 7.08% and a negative return on equity of 46.88%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business posted ($0.10) EPS. The business’s quarterly revenue was up 106.3% compared to the same quarter last year. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 3.92 earnings per share for the current year.

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $147.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 22nd. Truist Financial increased their price objective on shares of Hilton Worldwide from $139.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, February 17th. StockNews.com assumed coverage on shares of Hilton Worldwide in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Argus raised their price target on shares of Hilton Worldwide from $162.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, December 28th. Finally, Morgan Stanley raised their price objective on shares of Hilton Worldwide from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, February 17th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $154.29.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in Hilton Worldwide by 3.3% during the 4th quarter. State Street Corp now owns 10,938,463 shares of the company’s stock worth $1,706,291,000 after purchasing an additional 347,572 shares during the last quarter. Geode Capital Management LLC increased its stake in Hilton Worldwide by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 4,975,685 shares of the company’s stock worth $774,043,000 after purchasing an additional 156,832 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Hilton Worldwide by 45.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,765,779 shares of the company’s stock worth $497,497,000 after purchasing an additional 1,170,855 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Hilton Worldwide by 51.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,414,896 shares of the company’s stock worth $532,690,000 after buying an additional 1,166,606 shares during the period. Finally, D1 Capital Partners L.P. purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $400,946,000. 97.28% of the stock is owned by institutional investors.

About Hilton Worldwide (Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Hilton Worldwide (NYSE:HLT)

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