Hilton Worldwide Holdings (NYSE:HLT) was the target of a large increase in short interest in August. As of August 14th, there was short interest totalling 11,652,595 shares, an increase of 140.9% from the July 31st total of 4,836,544 shares, Market Beat.com reports. Based on an average daily trading volume, of 8,632,811 shares, the short-interest ratio is currently 1.3 days. Approximately 2.2% of the shares of the company are sold short.
HLT has been the subject of several recent analyst reports. Deutsche Bank reiterated a “buy” rating and issued a $34.00 price target on shares of Hilton Worldwide Holdings in a research note on Wednesday, August 12th. Evercore Partners Inc. upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $31.00 in a research note on Wednesday, August 5th. Evercore ISI raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $31.00 in a report on Wednesday, August 5th. Brean Capital reissued a “buy” rating and set a $34.00 target price on shares of Hilton Worldwide Holdings in a report on Friday, July 31st. Finally, Citigroup Inc. restated a “buy” rating and issued a $34.00 price objective on shares of Hilton Worldwide Holdings in a report on Thursday, May 21st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.79.
Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 24.60 on Monday. The firm has a market cap of $24.29 billion and a PE ratio of 37.85. Hilton Worldwide Holdings has a 12 month low of $20.72 and a 12 month high of $31.60. The stock has a 50 day moving average price of $25.87 and a 200 day moving average price of $28.17.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.02. The firm earned $2.92 million during the quarter, compared to the consensus estimate of $2.92 billion. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. On average, equities research analysts expect that Hilton Worldwide Holdings will post $0.82 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 12th.
In other news, insider Kevin J. Jacobs sold 24,900 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $24.88, for a total transaction of $619,512.00. Following the completion of the sale, the insider now directly owns 459,855 shares in the company, valued at $11,441,192.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin J. Jacobs sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $27.54, for a total value of $716,040.00. The disclosure for this sale can be found here.
Hilton Worldwide Holdings Inc. is a hospitality business. The Company comprises of about 4,322 hotels, resorts and timeshare properties consisting of of 715,062 countries and territories. 94 rooms in 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 Group 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. The Company also offers customer loyalty program, which provides reward points for the guests for every stay at any one around the world, which hotels of its more than 4,300 are then redeemable free hotel nights and other rewards.
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