Clarendon Private LLC Buys Shares of 1,550 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Clarendon Private LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,550 shares of the company's stock, valued at approximately $383,000.

Other large investors have also made changes to their positions in the company. Evergreen Capital Management LLC lifted its stake in Hilton Worldwide by 17.0% in the second quarter. Evergreen Capital Management LLC now owns 1,251 shares of the company's stock valued at $273,000 after buying an additional 182 shares in the last quarter. AXA S.A. lifted its position in Hilton Worldwide by 283.7% in the 2nd quarter. AXA S.A. now owns 5,084 shares of the company's stock valued at $1,109,000 after acquiring an additional 3,759 shares in the last quarter. AQR Capital Management LLC boosted its stake in Hilton Worldwide by 167.9% in the 2nd quarter. AQR Capital Management LLC now owns 261,062 shares of the company's stock worth $56,468,000 after purchasing an additional 163,625 shares during the period. MBB Public Markets I LLC bought a new position in Hilton Worldwide during the 2nd quarter worth about $3,850,000. Finally, Maverick Capital Ltd. raised its stake in shares of Hilton Worldwide by 4.2% in the 2nd quarter. Maverick Capital Ltd. now owns 6,915 shares of the company's stock valued at $1,509,000 after purchasing an additional 281 shares during the period. Institutional investors own 95.90% of the company's stock.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Trading Down 0.9 %

HLT stock traded down $2.35 during trading hours on Friday, hitting $247.76. 1,061,670 shares of the stock were exchanged, compared to its average volume of 1,098,546. Hilton Worldwide Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.01. The firm has a market capitalization of $60.40 billion, a P/E ratio of 53.17, a P/E/G ratio of 2.78 and a beta of 1.30. The company has a 50-day simple moving average of $249.27 and a two-hundred day simple moving average of $233.33.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide announced that its Board of Directors has authorized a share buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company cut their target price on Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Evercore ISI boosted their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an "in-line" rating in a research report on Monday, October 21st. Melius downgraded Hilton Worldwide from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, TD Cowen reduced their price target on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $238.24.

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.