Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 81.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,952 shares of the company’s stock after selling 17,219 shares during the quarter. SG Americas Securities LLC’s holdings in Hilton Worldwide were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. Larson Financial Group LLC increased its position in shares of Hilton Worldwide by 32.5% during the 2nd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Private Trust Co. NA acquired a new position in Hilton Worldwide in the 2nd quarter valued at about $39,000. Allworth Financial LP grew its position in Hilton Worldwide by 1,024.1% in the 3rd quarter. Allworth Financial LP now owns 326 shares of the company’s stock valued at $39,000 after acquiring an additional 297 shares in the last quarter. Twin Lakes Capital Management LLC acquired a new position in Hilton Worldwide in the 3rd quarter valued at about $44,000. Finally, Heritage Wealth Management LLC acquired a new position in Hilton Worldwide in the 2nd quarter valued at about $56,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.2 %

HLT stock opened at $140.24 on Wednesday. The business has a 50 day moving average price of $134.09 and a 200 day moving average price of $130.20. The stock has a market cap of $37.93 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 0.56 and a beta of 1.22. Hilton Worldwide Holdings Inc. has a fifty-two week low of $108.41 and a fifty-two week high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Hilton Worldwide had a negative return on equity of 139.79% and a net margin of 13.15%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.54 EPS for the current year.

Hilton Worldwide announced that its Board of Directors has authorized a share buyback plan on Friday, November 11th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 6.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 5,555 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $143.08, for a total value of $794,809.40. Following the completion of the sale, the insider now owns 24,042 shares in the company, valued at $3,439,929.36. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Cowen lifted their target price on Hilton Worldwide to $140.00 in a research report on Tuesday, November 1st. Morgan Stanley assumed coverage on Hilton Worldwide in a research report on Monday, December 5th. They set an “overweight” rating and a $171.00 price objective for the company. Truist Financial lowered their price objective on Hilton Worldwide from $150.00 to $147.00 and set a “hold” rating for the company in a research report on Monday, December 5th. Barclays boosted their price objective on Hilton Worldwide from $139.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, January 20th. Finally, Jefferies Financial Group downgraded Hilton Worldwide from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $153.00 to $134.00 in a research report on Monday, January 9th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus price target of $148.62.

Hilton Worldwide Profile

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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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