R Squared Ltd Invests $838,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

R Squared Ltd bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,390 shares of the company’s stock, valued at approximately $838,000. Hilton Worldwide accounts for approximately 0.8% of R Squared Ltd’s holdings, making the stock its 9th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the fourth quarter worth $34,000. Ashton Thomas Securities LLC bought a new stake in Hilton Worldwide in the 3rd quarter valued at $38,000. True Wealth Design LLC raised 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 buying an additional 168 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Hilton Worldwide during the 4th quarter worth about $49,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HLT shares. Bank of America increased their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group upped their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Mizuho increased 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. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $238.24.

Hilton Worldwide Stock Up 1.6 %

Shares of HLT stock opened at $253.71 on Wednesday. The firm has a market cap of $61.85 billion, a price-to-earnings ratio of 54.45, a PEG ratio of 2.78 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.01. The stock has a 50-day moving average price of $249.28 and a 200 day moving average price of $233.65.

Hilton Worldwide announced that its Board of Directors has approved a share repurchase plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide 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.