Resonant Capital Advisors LLC Acquires Shares of 814 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Resonant Capital Advisors LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 814 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Cetera Investment Advisers lifted its stake in Hilton Worldwide by 3.6% in the second quarter. Cetera Investment Advisers now owns 34,888 shares of the company’s stock valued at $7,613,000 after buying an additional 1,216 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Hilton Worldwide in the second quarter valued at approximately $1,210,000. Czech National Bank lifted its stake in Hilton Worldwide by 5.4% in the third quarter. Czech National Bank now owns 50,199 shares of the company’s stock valued at $11,571,000 after buying an additional 2,550 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Hilton Worldwide by 11.5% in the third quarter. Handelsbanken Fonder AB now owns 82,901 shares of the company’s stock valued at $19,109,000 after buying an additional 8,549 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Hilton Worldwide by 43.3% during the third quarter. GAMMA Investing LLC now owns 3,706 shares of the company’s stock worth $854,000 after purchasing an additional 1,120 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.2 %

Shares of Hilton Worldwide stock opened at $256.68 on Tuesday. The firm has a market cap of $62.57 billion, a price-to-earnings ratio of 55.08, a price-to-earnings-growth ratio of 2.67 and a beta of 1.30. The business has a fifty day simple moving average of $249.60 and a 200-day simple moving average of $234.56. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $259.01.

Hilton Worldwide declared that its board has approved a stock repurchase plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HLT. Robert W. Baird upped their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price target on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial upped their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, TD Cowen cut their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.