Hilton Worldwide Holdings Inc. $HLT Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,360 shares of the company’s stock after selling 210 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Hilton Worldwide worth $48,846,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. LRI Investments LLC grew its stake in shares of 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 purchasing an additional 69 shares during the period. Valley National Advisers Inc. boosted its holdings in Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company’s stock worth $45,000 after buying an additional 142 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in Hilton Worldwide by 35.0% during the second quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock valued at $58,000 after buying an additional 56 shares during the period. ORG Partners LLC increased its holdings in Hilton Worldwide by 33.3% in the second quarter. ORG Partners LLC now owns 224 shares of the company’s stock valued at $60,000 after buying an additional 56 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Hilton Worldwide in the first quarter worth about $54,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 79,451 shares in the company, valued at $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

HLT has been the topic of a number of analyst reports. Macquarie raised their target price on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Evercore ISI boosted their price objective on Hilton Worldwide from $270.00 to $280.00 and gave the company an “in-line” rating in a research report on Tuesday, October 14th. Bank of America upped their target price on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Sanford C. Bernstein lifted their price target on shares of Hilton Worldwide from $261.00 to $288.00 and gave the company a “market perform” rating in a research note on Tuesday, September 16th. Finally, TD Cowen cut their target price on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.31.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $265.90 on Wednesday. The stock’s 50 day simple moving average is $268.02 and its 200-day simple moving average is $255.31. The stock has a market cap of $62.54 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.58 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year 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, topping analysts’ consensus estimates of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Company Profile

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.