Hilton Worldwide Holdings Inc. (NYSE:HLT) Sees Significant Growth in Short Interest

Hilton Worldwide Holdings Inc. (NYSE:HLT) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,640,000 shares, an increase of 9.3% from the June 30th total of 3,330,000 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is currently 2.2 days.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the purchase, the director now directly owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its stake in Hilton Worldwide by 142.5% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the company’s stock worth $47,000 after buying an additional 151 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Hilton Worldwide by 77.7% in the 4th quarter. Global Retirement Partners LLC now owns 837 shares of the company’s stock worth $153,000 after purchasing an additional 366 shares in the last quarter. Fifth Third Bancorp boosted its stake in Hilton Worldwide by 13.6% in the 4th quarter. Fifth Third Bancorp now owns 8,628 shares of the company’s stock worth $1,571,000 after purchasing an additional 1,033 shares during the period. Drive Wealth Management LLC grew its holdings in Hilton Worldwide by 4.9% during the 4th quarter. Drive Wealth Management LLC now owns 1,399 shares of the company’s stock valued at $255,000 after buying an additional 65 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Hilton Worldwide by 6.4% in the fourth quarter. DAVENPORT & Co LLC now owns 1,575 shares of the company’s stock worth $287,000 after buying an additional 95 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HLT shares. Macquarie reissued a “neutral” rating and set a $192.00 price target on shares of Hilton Worldwide in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Truist Financial boosted their target price on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird raised their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average price target of $209.16.

Hilton Worldwide Stock Down 1.9 %

NYSE HLT opened at $214.67 on Thursday. The stock’s 50-day moving average price is $212.31 and its 200-day moving average price is $205.09. The company has a market capitalization of $53.68 billion, a P/E ratio of 46.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. Hilton Worldwide has a 52 week low of $146.00 and a 52 week high of $229.03.

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.