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

Valley National Advisers Inc. cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 96.1% in the third quarter, HoldingsChannel reports. The fund 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.

A number of other large investors also recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $10,140,000. Jefferies Financial Group Inc. acquired a new position in Hilton Worldwide in the second quarter valued at approximately $1,909,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Hilton Worldwide by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 200,598 shares of the company’s stock valued at $66,290,000 after buying an additional 4,700 shares during the period. Nykredit A S bought a new position in Hilton Worldwide in the second quarter valued at approximately $41,279,000. Finally, Two Sigma Securities LLC bought a new position in Hilton Worldwide in the second quarter valued at approximately $4,775,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLT has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and set a $363.00 target price on shares of Hilton Worldwide in a research report on Friday, August 14th. Wolfe Research initiated coverage on Hilton Worldwide in a research report on Wednesday, September 2nd. They issued a “peer perform” rating on the stock. China Intl Cap raised Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Evercore upgraded Hilton Worldwide from an “in-line” rating to an “outperform” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price objective for the company in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $356.65.

Hilton Worldwide Stock Performance

NYSE HLT opened at $351.50 on Tuesday. The stock has a market cap of $79.11 billion, a price-to-earnings ratio of 51.62, a PEG ratio of 2.82 and a beta of 1.10. The business has a 50 day simple moving average of $322.75 and a 200 day simple moving average of $319.39. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $364.50.

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

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 7,289 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the completion of the transaction, the insider owned 33,458 shares in the company, valued at approximately $10,365,622.98. This represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chris Carr sold 439 shares of Hilton Worldwide stock in a transaction dated 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 sale, the director directly owned 8,252 shares in the company, valued at $2,560,925.68. This represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. 2.70% of the stock is owned by corporate 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.