Public Employees Retirement Association of Colorado lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,243 shares of the company’s stock after selling 117 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hilton Worldwide were worth $4,372,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Prime Capital Investment Advisors LLC boosted its holdings in Hilton Worldwide by 110.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 330 shares of the company’s stock worth $28,000 after buying an additional 173 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in Hilton Worldwide during the third quarter worth about $32,000. CX Institutional boosted its holdings in Hilton Worldwide by 49.3% during the third quarter. CX Institutional now owns 412 shares of the company’s stock worth $35,000 after buying an additional 136 shares during the last quarter. Captrust Financial Advisors bought a new position in Hilton Worldwide during the second quarter worth about $40,000. Finally, Harbor Investment Advisory LLC bought a new position in Hilton Worldwide during the third quarter worth about $43,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.
NYSE:HLT opened at $101.76 on Friday. The firm has a market capitalization of $28.23 billion, a price-to-earnings ratio of -87.72, a price-to-earnings-growth ratio of 49.41 and a beta of 1.32. Hilton Worldwide Holdings Inc. has a twelve month low of $44.30 and a twelve month high of $116.73. The stock’s 50 day moving average price is $93.24 and its two-hundred day moving average price is $83.89.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. The firm had revenue of $933.00 million for the quarter, compared to analyst estimates of $966.30 million. Hilton Worldwide had a negative return on equity of 38.13% and a negative net margin of 5.46%. The business’s quarterly revenue was down 61.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 0.19 EPS for the current year.
Several equities analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Hilton Worldwide from $93.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Argus upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, November 11th. Citigroup lifted their price objective on Hilton Worldwide from $75.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, September 21st. BMO Capital Markets lifted their price objective on Hilton Worldwide from $89.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Hilton Worldwide from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, November 5th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $95.50.
In other Hilton Worldwide news, insider Christopher W. Silcock sold 42,447 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $90.47, for a total transaction of $3,840,180.09. Following the transaction, the insider now owns 45,682 shares of the company’s stock, valued at approximately $4,132,850.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Martin Rinck sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $88.80, for a total value of $177,600.00. Following the transaction, the insider now directly owns 4,769 shares in the company, valued at approximately $423,487.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Tempo by Hilton brands.
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