Clio Asset Management LLC Decreases Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Clio Asset Management LLC decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,673 shares of the company’s stock after selling 1,070 shares during the period. Hilton Worldwide comprises approximately 8.0% of Clio Asset Management LLC’s holdings, making the stock its 8th largest position. Clio Asset Management LLC’s holdings in Hilton Worldwide were worth $10,794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV lifted its holdings in Hilton Worldwide by 10.4% during the fourth quarter. KBC Group NV now owns 56,392 shares of the company’s stock valued at $13,938,000 after purchasing an additional 5,334 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Hilton Worldwide by 30.7% in the fourth quarter. Blue Trust Inc. now owns 3,848 shares of the company’s stock worth $887,000 after purchasing an additional 904 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $34,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Hilton Worldwide by 18.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,707 shares of the company’s stock valued at $669,000 after buying an additional 418 shares in the last quarter. Finally, Clarendon Private LLC bought a new position in Hilton Worldwide in the 4th quarter worth $383,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 0.9 %

Hilton Worldwide stock opened at $247.76 on Monday. Hilton Worldwide Holdings Inc. has a 12-month low of $186.83 and a 12-month high of $259.01. The firm has a 50-day moving average price of $249.27 and a 200-day moving average price of $233.42. The firm has a market capitalization of $60.40 billion, a PE ratio of 53.17, a price-to-earnings-growth ratio of 2.78 and a beta of 1.30.

Hilton Worldwide announced that its board has authorized a stock buyback plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on HLT shares. Evercore ISI boosted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird boosted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Mizuho lifted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $238.24.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction on Monday, December 16th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

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.