Forsta AP Fonden Cuts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Forsta AP Fonden lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.1% in the third quarter, HoldingsChannel.com reports. The firm owned 68,700 shares of the company’s stock after selling 14,200 shares during the quarter. Forsta AP Fonden’s holdings in Hilton Worldwide were worth $9,076,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Public Employees Retirement System of Ohio boosted its stake in shares of Hilton Worldwide by 8.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 160,953 shares of the company’s stock worth $19,414,000 after purchasing an additional 12,702 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Hilton Worldwide by 97.9% during the second quarter. Rockefeller Capital Management L.P. now owns 34,210 shares of the company’s stock valued at $4,125,000 after buying an additional 16,921 shares in the last quarter. TFG Advisers LLC lifted its position in Hilton Worldwide by 5.0% during the third quarter. TFG Advisers LLC now owns 2,115 shares of the company’s stock valued at $279,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Hilton Worldwide by 8.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,630 shares of the company’s stock valued at $11,776,000 after buying an additional 7,930 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Hilton Worldwide by 290.8% during the second quarter. Thrivent Financial for Lutherans now owns 47,239 shares of the company’s stock valued at $5,698,000 after buying an additional 35,151 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

A number of research analysts have weighed in on HLT shares. Jefferies Financial Group lifted their price target on shares of Hilton Worldwide from $159.00 to $169.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Bernstein Bank lowered shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 price objective on the stock. in a research note on Monday, January 10th. Morgan Stanley lifted their price target on shares of Hilton Worldwide from $121.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 28th. BMO Capital Markets lifted their price target on shares of Hilton Worldwide from $135.00 to $144.00 and gave the stock a “market perform” rating in a research note on Thursday, October 28th. They noted that the move was a valuation call. Finally, Truist lifted their price target on shares of Hilton Worldwide from $127.00 to $139.00 and gave the stock a “hold” rating in a research note on Thursday, October 28th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $144.56.

In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 15th. The stock was sold at an average price of $139.33, for a total transaction of $417,990.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Jacobs sold 195,722 shares of the company’s stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $28,403,176.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,722 shares of company stock worth $30,773,357. 2.40% of the stock is owned by company insiders.

HLT stock opened at $147.98 on Friday. The company has a market capitalization of $41.24 billion, a P/E ratio of 1,138.31 and a beta of 1.27. The company has a 50-day simple moving average of $146.36 and a 200 day simple moving average of $136.21. Hilton Worldwide Holdings Inc. has a fifty-two week low of $98.57 and a fifty-two week high of $159.21.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 27th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Hilton Worldwide had a negative return on equity of 25.13% and a net margin of 0.81%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company earned $0.06 EPS. The business’s revenue for the quarter was up 87.5% compared to the same quarter last year. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 2.13 EPS for the current fiscal year.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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