Hilton Worldwide Holdings Inc. (NYSE:HLT) is Clio Asset Management LLC’s 8th Largest Position

Clio Asset Management LLC decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,673 shares of the company’s stock after selling 1,070 shares during the period. Hilton Worldwide accounts for about 8.0% of Clio Asset Management LLC’s portfolio, making the stock its 8th largest position. Clio Asset Management LLC’s holdings in Hilton Worldwide were worth $10,794,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HLT. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth $34,000. Groupama Asset Managment boosted its position in Hilton Worldwide by 37.8% during the third 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 in the last quarter. Ashton Thomas Securities LLC purchased a new position in Hilton Worldwide in the third quarter valued at about $38,000. Finally, True Wealth Design LLC raised its holdings in Hilton Worldwide by 2,400.0% in the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays boosted their target price on Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, TD Cowen decreased their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $238.24.

Hilton Worldwide Price Performance

HLT stock opened at $247.76 on Monday. The firm’s fifty day simple moving average is $249.27 and its 200-day simple moving average is $233.42. Hilton Worldwide Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.01. The company has a market capitalization of $60.40 billion, a P/E ratio of 53.17, a price-to-earnings-growth ratio of 2.78 and a beta of 1.30.

Hilton Worldwide announced that its Board of Directors has initiated a share buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

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.