Hilton Worldwide Holdings Inc. (NYSE:HLT) is Clio Asset Management LLC's 8th Largest Position

Clio Asset Management LLC trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,673 shares of the company's stock after selling 1,070 shares during the period. Hilton Worldwide makes up approximately 8.0% of Clio Asset Management LLC's investment portfolio, making the stock its 8th largest position. Clio Asset Management LLC's holdings in Hilton Worldwide were worth $10,794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 33.2% in the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock valued at $745,624,000 after buying an additional 806,029 shares during the period. Stockbridge Partners LLC raised its holdings in Hilton Worldwide by 63.6% in the 3rd quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company's stock valued at $355,984,000 after buying an additional 600,593 shares during the last quarter. International Assets Investment Management LLC boosted its position in Hilton Worldwide by 23,730.1% during the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company's stock worth $1,104,610,000 after buying an additional 477,212 shares during the period. Finally, FMR LLC grew its holdings in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock worth $2,585,148,000 after acquiring an additional 226,223 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.8 %

HLT traded up $2.00 during trading on Monday, hitting $249.73. 1,175,537 shares of the company's stock were exchanged, compared to its average volume of 1,341,646. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $259.01. The stock has a market cap of $60.88 billion, a P/E ratio of 53.59, a PEG ratio of 2.78 and a beta of 1.30. The business's 50 day moving average is $249.27 and its two-hundred day moving average is $233.42.

Hilton Worldwide declared that its Board of Directors has approved a stock repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

HLT has been the subject of several analyst reports. Bank of America raised 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. Barclays lifted their target price on Hilton Worldwide from $243.00 to $268.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Evercore ISI increased their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $238.24.

Insider Buying and Selling

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

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.