Hilton Worldwide Holdings Inc. (NYSE:HLT) Insider Christopher J. Nassetta Sells 40,653 Shares

Hilton Worldwide Holdings Inc. (NYSE:HLT) insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hilton Worldwide Stock Performance

NYSE HLT traded down $0.84 during trading hours on Friday, hitting $269.55. The company had a trading volume of 1,592,928 shares, compared to its average volume of 1,488,279. The company has a market cap of $65.71 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1-year low of $186.83 and a 1-year high of $274.18. The business has a 50 day moving average of $250.31 and a 200-day moving average of $235.50.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide announced that its board has approved a share buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

HLT has been the subject of several research reports. Truist Financial boosted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Mizuho reaffirmed a “neutral” rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday. Bank of America raised their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $239.88.

Institutional Trading of Hilton Worldwide

Several large investors have recently bought and sold shares of HLT. Palumbo Wealth Management LLC grew its holdings in Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after buying an additional 41 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock valued at $468,000 after acquiring an additional 42 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after purchasing an additional 43 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Hilton Worldwide by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after purchasing an additional 44 shares during the last quarter. Finally, Graypoint LLC grew its holdings in shares of Hilton Worldwide by 2.6% during the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Company 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.