3,209 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Bought by Centiva Capital LP

Centiva Capital LP bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,209 shares of the company's stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $33,000. NewSquare Capital LLC bought a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $37,000. Family Firm Inc. acquired a new stake in shares of Hilton Worldwide in the 2nd quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Hilton Worldwide in the third quarter valued at $38,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of recent analyst reports. Bank of America increased their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Melius Research reiterated a "hold" rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Wells Fargo & Company lowered their price target on Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Mizuho raised their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Barclays reduced their target price on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of "Hold" and an average target price of $228.71.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares of the company's stock, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Trading Up 1.2 %

NYSE HLT traded up $3.07 during trading on Friday, reaching $258.46. The company's stock had a trading volume of 1,676,939 shares, compared to its average volume of 1,264,235. The firm has a market capitalization of $63.01 billion, a price-to-earnings ratio of 55.46, a price-to-earnings-growth ratio of 3.20 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12 month low of $168.29 and a 12 month high of $259.01. The firm has a 50 day moving average price of $242.70 and a 200 day moving average price of $223.81.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 15th. Hilton Worldwide's payout ratio is presently 12.88%.

Hilton Worldwide announced that its board has authorized a stock buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Hilton Worldwide 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.