Hilton Worldwide Target of Unusually Large Options Trading (NYSE:HLT)

Hilton Worldwide Holdings Inc (NYSE:HLT) saw unusually large options trading on Friday. Stock traders bought 12,563 put options on the stock. This represents an increase of 845% compared to the average volume of 1,330 put options.

Several research analysts have commented on the company. B. Riley restated a “neutral” rating on shares of Hilton Worldwide in a report on Wednesday, November 1st. Royal Bank of Canada lifted their price target on Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a report on Monday, January 29th. FBR & Co reiterated a “neutral” rating and issued a $73.00 price target on shares of Hilton Worldwide in a report on Thursday, October 26th. Robert W. Baird reiterated a “buy” rating and issued a $78.00 price target on shares of Hilton Worldwide in a report on Friday, October 27th. Finally, Wells Fargo & Co downgraded Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $78.00 price target on the stock. in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $76.18.

Hilton Worldwide (HLT) opened at $83.21 on Wednesday. The stock has a market capitalization of $26,178.42, a PE ratio of 756.45, a PEG ratio of 6.11 and a beta of 1.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide has a fifty-two week low of $55.79 and a fifty-two week high of $88.11.

Hilton Worldwide declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 16th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional investors have recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $151,000. QS Investors LLC increased its stake in shares of Hilton Worldwide by 749.6% in the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after purchasing an additional 2,084 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at about $208,000. Hilton Capital Management LLC purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $208,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Hilton Worldwide during the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

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Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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