Arkadios Wealth Advisors Buys 49 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Arkadios Wealth Advisors increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,798 shares of the company’s stock after buying an additional 49 shares during the quarter. Arkadios Wealth Advisors’ holdings in Hilton Worldwide were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Hilton Worldwide by 2.1% in the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock valued at $2,585,148,000 after acquiring an additional 226,223 shares during the period. 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 last quarter. Franklin Resources Inc. boosted its holdings in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after purchasing an additional 121,900 shares during the period. Jennison Associates LLC grew its position 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 purchasing an additional 806,029 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after purchasing an additional 200,329 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 0.1 %

NYSE:HLT opened at $247.77 on Thursday. The stock has a market capitalization of $60.40 billion, a P/E ratio of 53.17, a price-to-earnings-growth ratio of 2.77 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1 year low of $186.83 and a 1 year high of $259.01. The firm has a 50 day moving average of $249.38 and a 200-day moving average of $232.75.

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Hilton Worldwide (NYSE:HLT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide announced that its Board of Directors has authorized 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 buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HLT. Wells Fargo & Company reduced their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Jefferies Financial Group upped their target price on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group raised their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Bank of America boosted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $238.24.

Get Our Latest Stock Report on HLT

About Hilton Worldwide

(Free Report)

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.