Hilton Worldwide Holdings Sees Large Growth in Short Interest (HLT)

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Hilton Worldwide Holdings (NYSE:HLT) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totalling 11,641,634 shares, a growth of 31.4% from the May 15th total of 8,860,084 shares, MarketBeat.com reports. Based on an average daily volume of 8,031,514 shares, the short-interest ratio is currently 1.4 days. Approximately 2.6% of the company’s shares are short sold.

In other Hilton Worldwide Holdings news, insider Kevin J. Jacobs sold 26,000 shares of Hilton Worldwide Holdings stock on the open market in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $28.83, for a total value of $749,580.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on HLT. Analysts at Brean Capital initiated coverage on shares of Hilton Worldwide Holdings in a research note on Thursday, June 11th. They set a “buy” rating and a $34.00 price target on the stock. Analysts at Evercore ISI reiterated a “hold” rating and set a $32.00 price target (up previously from $31.00) on shares of Hilton Worldwide Holdings in a research note on Saturday, June 6th. Analysts at Citigroup Inc. reiterated a “buy” rating and set a $34.00 price target on shares of Hilton Worldwide Holdings in a research note on Thursday, May 21st. Finally, analysts at Barclays raised their price target on shares of Hilton Worldwide Holdings from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Hilton Worldwide Holdings has an average rating of “Buy” and a consensus target price of $31.23.

Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 28.09 on Monday. Hilton Worldwide Holdings has a 52 week low of $20.72 and a 52 week high of $31.60. The stock’s 50-day moving average is $29. and its 200-day moving average is $28.. The company has a market cap of $27.74 billion and a P/E ratio of 39.56.

Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.12. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.41 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $0.82 earnings per share for the current fiscal year.

Hilton Worldwide Holdings Inc is a hospitality company. The Company comprises of approximately 4,322 hotels, resorts and timeshare properties comprising of 715,062 rooms in 94 countries and territories. The Company operates through three segments: management and franchise, ownership and timeshare. The Company’s brands are Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio–A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.

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