Park Place Capital Corp Sells 1,960 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Park Place Capital Corp cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 47.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,140 shares of the company’s stock after selling 1,960 shares during the quarter. Park Place Capital Corp’s holdings in Hilton Worldwide were worth $529,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Hilton Worldwide in the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $38,000. True Wealth Design LLC increased its holdings in Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. Friedenthal Financial bought a new position in Hilton Worldwide in the 4th quarter valued at $49,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Hilton Worldwide in the third quarter worth $46,000. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HLT. Robert W. Baird lifted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI increased their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Jefferies Financial Group increased their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Bank of America boosted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $238.24.

Hilton Worldwide Price Performance

NYSE HLT opened at $247.40 on Wednesday. The stock’s 50-day moving average is $249.38 and its 200-day moving average is $232.75. Hilton Worldwide Holdings Inc. has a one year low of $186.83 and a one year high of $259.01. The firm has a market cap of $60.31 billion, a P/E ratio of 53.09, a P/E/G ratio of 2.77 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide declared that its board has approved a share repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.