Highland Capital Management LLC Has $6.57 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Highland Capital Management LLC decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,573 shares of the company’s stock after selling 560 shares during the period. Highland Capital Management LLC’s holdings in Hilton Worldwide were worth $6,568,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Hilton Worldwide in the fourth quarter valued at approximately $34,000. Groupama Asset Managment boosted its stake in Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares during the period. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide during the 3rd quarter worth about $38,000. Finally, True Wealth Design LLC lifted its holdings in shares of Hilton Worldwide by 2,400.0% in the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Price Performance

NYSE HLT opened at $254.13 on Thursday. The business has a fifty day moving average price of $249.36 and a two-hundred day moving average price of $233.88. The stock has a market capitalization of $61.95 billion, a PE ratio of 54.53, a PEG ratio of 2.78 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $259.01.

Hilton Worldwide announced that its Board of Directors has authorized a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HLT shares. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Cowen cut their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Barclays increased their price target on shares of Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $238.24.

Hilton Worldwide Company Profile

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.