785 Shares in Hilton Worldwide Holdings Inc. $HLT Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 785 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC boosted its position in Hilton Worldwide by 84.1% during the 2nd quarter. LRI Investments LLC now owns 151 shares of the company’s stock worth $40,000 after buying an additional 69 shares during the period. Valley National Advisers Inc. boosted its position in Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company’s stock worth $45,000 after buying an additional 142 shares during the period. Wayfinding Financial LLC acquired a new stake in Hilton Worldwide during the 1st quarter worth approximately $54,000. Pinnacle Bancorp Inc. boosted its position in Hilton Worldwide by 35.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock worth $58,000 after buying an additional 56 shares during the period. Finally, ORG Partners LLC boosted its position in Hilton Worldwide by 33.3% during the 2nd quarter. ORG Partners LLC now owns 224 shares of the company’s stock worth $60,000 after buying an additional 56 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $265.90 on Wednesday. The firm has a 50 day moving average price of $268.02 and a two-hundred day moving average price of $255.31. The firm has a market cap of $62.54 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 2.58 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.80.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. Hilton Worldwide’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 EPS. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on HLT. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Bank of America raised their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Macquarie raised their price target on shares of Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial raised their price target on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Finally, Raymond James Financial raised their price target on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $270.31.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the sale, the insider owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

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.