Great Diamond Partners LLC Takes $206,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Great Diamond Partners LLC bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 835 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Hilton Worldwide by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 34,888 shares of the company’s stock worth $7,613,000 after acquiring an additional 1,216 shares during the last quarter. Clearbridge Investments LLC bought a new stake in Hilton Worldwide in the second quarter worth $1,210,000. Sanctuary Advisors LLC bought a new position in shares of Hilton Worldwide during the second quarter valued at about $9,876,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Hilton Worldwide by 4.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after buying an additional 46 shares during the period. Finally, Czech National Bank lifted its stake in shares of Hilton Worldwide by 5.4% in the 3rd quarter. Czech National Bank now owns 50,199 shares of the company’s stock valued at $11,571,000 after acquiring an additional 2,550 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 0.2 %

HLT opened at $256.24 on Friday. The company has a market cap of $62.47 billion, a price-to-earnings ratio of 54.99, a price-to-earnings-growth ratio of 2.64 and a beta of 1.30. The stock has a fifty day simple moving average of $249.54 and a two-hundred day simple moving average of $234.19. Hilton Worldwide Holdings Inc. has a 12-month low of $186.83 and a 12-month high of $259.01.

Hilton Worldwide announced that its Board of Directors has approved a share repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HLT. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. TD Cowen decreased their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Bank of America raised their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $238.24.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide 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.