AIA Group Ltd Purchases 2,262 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

AIA Group Ltd boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 68.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,581 shares of the company’s stock after purchasing an additional 2,262 shares during the period. AIA Group Ltd’s holdings in Hilton Worldwide were worth $673,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HLT. Price T Rowe Associates Inc. MD grew its position in shares of Hilton Worldwide by 23.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,908,004 shares of the company’s stock valued at $1,327,028,000 after acquiring an additional 2,254,472 shares during the period. Long Pond Capital LP bought a new stake in shares of Hilton Worldwide in the second quarter valued at $99,652,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Hilton Worldwide by 3,944.9% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 837,300 shares of the company’s stock valued at $93,309,000 after buying an additional 816,600 shares during the last quarter. TD Asset Management Inc. increased its holdings in Hilton Worldwide by 76.8% in the 2nd quarter. TD Asset Management Inc. now owns 1,681,620 shares of the company’s stock worth $187,400,000 after acquiring an additional 730,550 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Hilton Worldwide by 54.7% in the 1st quarter. Royal Bank of Canada now owns 1,840,444 shares of the company’s stock valued at $279,270,000 after acquiring an additional 650,540 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Michael W. Duffy sold 5,555 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $143.08, for a total value of $794,809.40. Following the sale, the insider now directly owns 24,042 shares of the company’s stock, valued at $3,439,929.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.

Hilton Worldwide Price Performance

Shares of HLT opened at $140.24 on Wednesday. The firm’s 50 day simple moving average is $134.09 and its 200 day simple moving average is $130.20. The company has a market capitalization of $37.93 billion, a P/E ratio of 36.43, a P/E/G ratio of 0.56 and a beta of 1.22. Hilton Worldwide Holdings Inc. has a 1-year low of $108.41 and a 1-year high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its earnings results on Wednesday, October 26th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Hilton Worldwide had a net margin of 13.15% and a negative return on equity of 139.79%. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.54 earnings per share for the current year.

Hilton Worldwide declared that its Board of Directors has approved a share repurchase plan on Friday, November 11th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hilton Worldwide from $120.00 to $123.00 in a research report on Thursday, October 27th. Jefferies Financial Group lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating and reduced their price objective for the company from $153.00 to $134.00 in a research note on Monday, January 9th. Redburn Partners assumed coverage on Hilton Worldwide in a report on Wednesday, November 30th. They issued a “neutral” rating for the company. Cowen boosted their price objective on Hilton Worldwide to $140.00 in a research note on Tuesday, November 1st. Finally, Morgan Stanley assumed coverage on Hilton Worldwide in a report on Monday, December 5th. They set an “overweight” rating and a $171.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $148.62.

Hilton Worldwide Profile

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Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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