Ieq Capital LLC Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ieq Capital LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 284.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,006 shares of the company’s stock after buying an additional 8,144 shares during the quarter. Ieq Capital LLC’s holdings in Hilton Worldwide were worth $1,327,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HLT. Larson Financial Group LLC grew its holdings in shares of Hilton Worldwide by 32.5% in the second quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the period. Private Trust Co. NA purchased a new stake in shares of Hilton Worldwide in the second quarter valued at about $39,000. Allworth Financial LP grew its holdings in shares of Hilton Worldwide by 1,024.1% in the third quarter. Allworth Financial LP now owns 326 shares of the company’s stock valued at $39,000 after purchasing an additional 297 shares during the period. Twin Lakes Capital Management LLC purchased a new stake in shares of Hilton Worldwide in the third quarter valued at about $44,000. Finally, Heritage Wealth Management LLC purchased a new stake in shares of Hilton Worldwide in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays upped their target price on shares of Hilton Worldwide from $139.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, January 20th. Citigroup cut shares of Hilton Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the company from $150.00 to $148.00 in a research report on Wednesday, December 14th. Truist Financial decreased their target price on shares of Hilton Worldwide from $150.00 to $147.00 and set a “hold” rating on the stock in a research report on Monday, December 5th. Jefferies Financial Group cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating and decreased their target price for the company from $153.00 to $134.00 in a research report on Monday, January 9th. Finally, StockNews.com assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.62.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $140.24 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $108.41 and a one year high of $167.99. The business has a fifty day moving average of $134.09 and a two-hundred day moving average of $130.20. The company has a market cap of $37.93 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22.

Hilton Worldwide (NYSE:HLTGet Rating) last released its earnings results on Wednesday, October 26th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Hilton Worldwide had a negative return on equity of 139.79% and a net margin of 13.15%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 4.54 EPS for the current year.

Hilton Worldwide declared that its board has initiated a stock repurchase program on Friday, November 11th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to reacquire up to 6.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 5,555 shares of Hilton Worldwide stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $143.08, for a total transaction of $794,809.40. Following the completion of the transaction, the insider now owns 24,042 shares of the company’s stock, valued at approximately $3,439,929.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.

Hilton Worldwide Company Profile

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Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

See Also

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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