Yousif Capital Management LLC Lowers Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Yousif Capital Management LLC cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,154 shares of the company’s stock after selling 4,138 shares during the quarter. Yousif Capital Management LLC’s holdings in Hilton Worldwide were worth $8,936,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised its holdings in Hilton Worldwide by 2.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after purchasing an additional 42 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Hilton Worldwide by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after acquiring an additional 44 shares in the last quarter. Graypoint LLC lifted its position in Hilton Worldwide by 2.6% during the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after acquiring an additional 47 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its stake in Hilton Worldwide by 4.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after acquiring an additional 48 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after purchasing an additional 48 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HLT. TD Cowen lowered their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Barclays raised their price target on Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial boosted their target price on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average target price of $239.88.

Insider Activity

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Down 0.5 %

Shares of HLT stock opened at $257.51 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $260.79. The stock has a 50 day moving average of $249.78 and a 200 day moving average of $235.11. The stock has a market cap of $62.78 billion, a P/E ratio of 55.26, a P/E/G ratio of 2.67 and a beta of 1.29.

Hilton Worldwide declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Hilton Worldwide

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.