Catalina Capital Group LLC Purchases Shares of 895 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Catalina Capital Group LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 895 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors also recently modified their holdings of HLT. Wilmington Savings Fund Society FSB purchased a new position in shares of Hilton Worldwide in the third quarter valued at about $765,000. Franklin Resources Inc. lifted its holdings in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the 3rd quarter worth approximately $38,000. Fiduciary Alliance LLC purchased a new stake in Hilton Worldwide during the 4th quarter valued at approximately $1,246,000. Finally, Chartwell Investment Partners LLC raised its position in shares of Hilton Worldwide by 35.8% during the third quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock valued at $6,628,000 after buying an additional 7,583 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT opened at $256.68 on Tuesday. Hilton Worldwide Holdings Inc. has a one year low of $186.83 and a one year high of $259.01. The stock has a market cap of $62.57 billion, a price-to-earnings ratio of 55.08, a P/E/G ratio of 2.67 and a beta of 1.30. The stock’s 50 day moving average price is $249.60 and its 200-day moving average price is $234.56.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HLT. Wells Fargo & Company dropped their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. TD Cowen reduced their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Robert W. Baird increased their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays raised their target price on shares of Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $238.24.

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 23,366 shares of the firm’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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

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.