Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Position Decreased by Oak Harvest Investment Services

Oak Harvest Investment Services decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,343 shares of the company’s stock after selling 144 shares during the quarter. Oak Harvest Investment Services’ holdings in Hilton Worldwide were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Jennison Associates LLC lifted its stake in Hilton Worldwide by 33.2% in the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after acquiring an additional 806,029 shares in the last quarter. Stockbridge Partners LLC boosted its position in Hilton Worldwide by 63.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock worth $355,984,000 after acquiring an additional 600,593 shares during the period. International Assets Investment Management LLC grew its stake in Hilton Worldwide by 23,730.1% during the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock valued at $1,104,610,000 after acquiring an additional 477,212 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Hilton Worldwide by 2.1% during the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after purchasing an additional 226,223 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HLT. Evercore ISI increased their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Bank of America increased their price target on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $238.24.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $256.95 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $186.83 and a one year high of $259.01. The firm has a market cap of $62.64 billion, a PE ratio of 55.14, a price-to-earnings-growth ratio of 2.64 and a beta of 1.30. The stock’s fifty day moving average price is $249.44 and its two-hundred day moving average price is $234.03.

Hilton Worldwide announced that its board has authorized a stock 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 typically an indication that the company’s management believes its stock is undervalued.

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.