Price T Rowe Associates Inc. MD Sells 1,303 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Price T Rowe Associates Inc. MD decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,634,213 shares of the company’s stock after selling 1,303 shares during the period. Price T Rowe Associates Inc. MD owned about 2.65% of Hilton Worldwide worth $1,415,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky increased its holdings in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Eaton Financial Holdings Company LLC increased its holdings in shares of Hilton Worldwide by 0.9% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after purchasing an additional 52 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after purchasing an additional 54 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Hilton Worldwide by 1.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the company’s stock valued at $564,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $2.43 during midday trading on Friday, reaching $215.61. 1,615,572 shares of the stock were exchanged, compared to its average volume of 1,496,496. The business has a 50-day simple moving average of $211.60 and a two-hundred day simple moving average of $204.36. The company has a market capitalization of $53.91 billion, a price-to-earnings ratio of 46.87, a P/E/G ratio of 1.90 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the transaction, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America raised their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Susquehanna assumed coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target for the company. Truist Financial raised their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, Barclays raised their price objective on shares of Hilton Worldwide from $219.00 to $228.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $209.16.

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.