First Affirmative Financial Network Acquires 109 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Affirmative Financial Network raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,012 shares of the company’s stock after purchasing an additional 109 shares during the quarter. First Affirmative Financial Network’s holdings in Hilton Worldwide were worth $250,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HLT. Creative Planning boosted its holdings in shares of Hilton Worldwide by 9.3% in the second quarter. Creative Planning now owns 30,078 shares of the company’s stock valued at $6,563,000 after purchasing an additional 2,567 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Hilton Worldwide by 26.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 4,584 shares of the company’s stock worth $1,000,000 after buying an additional 968 shares during the period. Cetera Investment Advisers grew its position in shares of Hilton Worldwide by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 34,888 shares of the company’s stock worth $7,613,000 after buying an additional 1,216 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of Hilton Worldwide during the second quarter valued at $1,210,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Hilton Worldwide in the second quarter valued at about $9,876,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Mizuho raised their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Truist Financial boosted their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $238.24.

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction on 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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Performance

Shares of HLT opened at $256.95 on Friday. The company has a market capitalization of $62.64 billion, a P/E ratio of 55.14, a P/E/G ratio of 2.78 and a beta of 1.30. The business’s 50-day moving average is $249.44 and its two-hundred day moving average is $234.03. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $259.01.

Hilton Worldwide announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.