Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,509 shares of the company’s stock after selling 1,668 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Hilton Worldwide were worth $1,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hilton Worldwide by 22.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,992 shares of the company’s stock worth $6,981,000 after buying an additional 5,134 shares during the period. Berkshire Money Management Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $323,000. Brown Lisle Cummings Inc. lifted its stake in shares of Hilton Worldwide by 276.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 470 shares of the company’s stock worth $116,000 after buying an additional 345 shares during the period. Longboard Asset Management LP acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $242,000. Finally, Jennison Associates LLC lifted its stake in shares of Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock worth $840,164,000 after buying an additional 164,461 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the company’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 completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HLT shares. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. TD Cowen decreased their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $239.88.

Hilton Worldwide Stock Up 4.7 %

HLT stock opened at $269.89 on Friday. The stock has a market capitalization of $65.79 billion, a P/E ratio of 57.92, a P/E/G ratio of 2.67 and a beta of 1.29. The firm has a 50-day simple moving average of $249.92 and a 200-day simple moving average of $235.26. Hilton Worldwide Holdings Inc. has a 52 week low of $186.83 and a 52 week high of $273.78.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are generally 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.