Patton Albertson Miller Group LLC bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 3rd quarter, Holdings Channel.com reports. The firm bought 3,712 shares of the company’s stock, valued at approximately $1,181,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC boosted its holdings in Hilton Worldwide by 4.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,462 shares of the company’s stock valued at $1,101,000 after purchasing an additional 159 shares in the last quarter. Aries Wealth Management purchased a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $207,000. Signaturefd LLC lifted its holdings in shares of Hilton Worldwide by 1.0% in the third quarter. Signaturefd LLC now owns 9,126 shares of the company’s stock valued at $2,903,000 after purchasing an additional 88 shares in the last quarter. Simplicity Wealth LLC grew its holdings in Hilton Worldwide by 8.9% during the 3rd quarter. Simplicity Wealth LLC now owns 1,261 shares of the company’s stock valued at $401,000 after buying an additional 103 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in Hilton Worldwide by 2.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,775 shares of the company’s stock worth $1,519,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE HLT opened at $351.50 on Tuesday. The company has a market capitalization of $79.11 billion, a price-to-earnings ratio of 51.62, a PEG ratio of 2.82 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $364.50. The business has a 50-day moving average of $322.75 and a 200-day moving average of $319.39.
Hilton Worldwide (NYSE:HLT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $3.32 billion. Hilton Worldwide had a net margin of 12.69% and a negative return on equity of 35.24%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Research analysts expect that Hilton Worldwide Holdings Inc. will post 9.08 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Chris Carr sold 439 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $310.34, for a total value of $136,239.26. Following the sale, the director directly owned 8,252 shares in the company, valued at $2,560,925.68. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $309.81, for a total value of $2,258,205.09. Following the transaction, the insider owned 33,458 shares of the company’s stock, valued at $10,365,622.98. This trade represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on HLT. CICC Research assumed coverage on shares of Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating for the company. TD Cowen raised Hilton Worldwide to a “strong-buy” rating in a research note on Tuesday, September 8th. Truist Financial raised their price objective on Hilton Worldwide from $312.00 to $316.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $365.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Morgan Stanley boosted their target price on shares of Hilton Worldwide from $336.00 to $349.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and an average target price of $356.65.
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.
The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.
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