Hilton Worldwide Holdings Inc. (NYSE:HLT) Stake Lowered by Forsta AP Fonden

Forsta AP Fonden lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,900 shares of the company’s stock after selling 300 shares during the period. Forsta AP Fonden’s holdings in Hilton Worldwide were worth $13,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $34,000. Groupama Asset Managment lifted its stake in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $38,000. Finally, True Wealth Design LLC lifted its stake in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HLT shares. Wells Fargo & Company reduced their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen cut their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Mizuho boosted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average price target of $238.24.

Read Our Latest Report on Hilton Worldwide

Insider Activity at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Up 0.2 %

NYSE HLT opened at $254.13 on Thursday. The stock has a market cap of $61.95 billion, a P/E ratio of 54.53, a PEG ratio of 2.78 and a beta of 1.30. The company’s 50-day simple moving average is $249.36 and its 200 day simple moving average is $233.88. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $259.01.

Hilton Worldwide announced that its board has authorized a share buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hilton Worldwide Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.