7,547 Hilton Worldwide Holdings Inc. $HLT Shares Sold by Valley National Advisers Inc.

Key Points

• Valley National Advisers cut its Hilton Worldwide stake by 96.1% in the third quarter, selling 7,547 shares and retaining 306 shares valued at approximately $97,000.
• Institutional investors and hedge funds own 95.9% of Hilton’s stock, although several firms increased their positions during the quarter.
• Hilton shares opened at $351.50, near their 52-week high, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $356.65. The company recently exceeded quarterly EPS estimates and reported 6.5% year-over-year revenue growth.

Valley National Advisers Inc. reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 96.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306 shares of the company's stock after selling 7,547 shares during the period. Valley National Advisers Inc.'s holdings in Hilton Worldwide were worth $97,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Hilton Worldwide by 1.0% during the third quarter. Signaturefd LLC now owns 9,126 shares of the company's stock worth $2,903,000 after purchasing an additional 88 shares during the period. Simplicity Wealth LLC increased its stake in Hilton Worldwide by 8.9% in the 3rd quarter. Simplicity Wealth LLC now owns 1,261 shares of the company's stock valued at $401,000 after buying an additional 103 shares during the period. Evergreen Capital Management LLC increased its stake in Hilton Worldwide by 2.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 4,775 shares of the company's stock valued at $1,519,000 after buying an additional 100 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Hilton Worldwide by 8.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,172 shares of the company's stock valued at $1,009,000 after buying an additional 258 shares during the period. Finally, Yousif Capital Management LLC lifted its position in Hilton Worldwide by 7.7% in the 3rd quarter. Yousif Capital Management LLC now owns 24,222 shares of the company's stock worth $7,706,000 after buying an additional 1,725 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $351.50 on Tuesday. The stock's fifty day simple moving average is $322.75 and its 200 day simple moving average is $319.39. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $364.50. The firm has a market cap of $79.11 billion, a price-to-earnings ratio of 51.62, a P/E/G ratio of 2.82 and a beta of 1.10.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.02. Hilton Worldwide had a net margin of 12.69% and a negative return on equity of 35.24%. The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the company posted $2.20 EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 9.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of research reports. China Intl Cap raised shares of Hilton Worldwide to a "strong-buy" rating in a research note on Wednesday, August 12th. UBS Group reiterated a "buy" rating and set a $363.00 price objective on shares of Hilton Worldwide in a report on Friday, August 14th. Weiss Ratings cut Hilton Worldwide from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. Morgan Stanley lifted their price objective on Hilton Worldwide from $336.00 to $349.00 and gave the company an "overweight" rating in a research report on Thursday, October 22nd. Finally, Evercore raised shares of Hilton Worldwide from an "in-line" rating to an "outperform" rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Hilton Worldwide has a consensus rating of "Moderate Buy" and an average price target of $356.65.

Insider Transactions at Hilton Worldwide

In other news, Director Chris Carr sold 439 shares of Hilton Worldwide stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $310.34, for a total value of $136,239.26. Following the completion of the transaction, the director owned 8,252 shares in the company, valued at approximately $2,560,925.68. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Fuentes sold 7,289 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $309.81, for a total value of $2,258,205.09. Following the completion of the transaction, the insider directly owned 33,458 shares in the company, valued at $10,365,622.98. The trade was a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.70% of the stock is owned by insiders.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.

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