Bleakley Financial Group LLC Has $4.56 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bleakley Financial Group LLC increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,441 shares of the company’s stock after purchasing an additional 516 shares during the period. Bleakley Financial Group LLC’s holdings in Hilton Worldwide were worth $4,558,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in shares of Hilton Worldwide during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Hilton Worldwide in the fourth quarter valued at $34,000. Groupama Asset Managment boosted its position in shares of Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at about $38,000. Finally, True Wealth Design LLC increased its position in Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after buying an additional 168 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Evercore ISI boosted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday. Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, TD Cowen dropped their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus price target of $239.88.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

Shares of HLT opened at $257.51 on Thursday. The firm has a market cap of $62.78 billion, a P/E ratio of 55.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $260.79. The business has a 50-day moving average of $249.78 and a 200 day moving average of $235.11.

Hilton Worldwide announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is 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.