ING Groep NV Sells 14,690 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

ING Groep NV decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 43.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,957 shares of the company's stock after selling 14,690 shares during the quarter. ING Groep NV's holdings in Hilton Worldwide were worth $4,370,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HLT. Principal Financial Group Inc. grew its position in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after buying an additional 1,429,537 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock worth $1,037,464,000 after acquiring an additional 1,282,676 shares during the period. Capital World Investors raised its position in shares of Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company's stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company's stock valued at $1,715,908,000 after purchasing an additional 761,104 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Hilton Worldwide by 23,730.1% in the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company's stock worth $1,104,610,000 after purchasing an additional 477,212 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLT has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a "neutral" rating in a research note on Friday, July 19th. Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a "buy" rating and a $245.00 target price for the company. Melius Research reissued a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Finally, TD Cowen lowered their price objective on shares of 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Fuentes sold 4,919 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. This represents a 23.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Price Performance

Shares of HLT traded down $1.48 during mid-day trading on Friday, hitting $248.41. 1,851,700 shares of the company's stock were exchanged, compared to its average volume of 1,560,229. Hilton Worldwide Holdings Inc. has a 52 week low of $164.93 and a 52 week high of $255.86. The company has a market cap of $60.56 billion, a PE ratio of 53.31, a P/E/G ratio of 3.18 and a beta of 1.30. The company has a 50-day simple moving average of $233.57 and a 200 day simple moving average of $218.47.

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 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 the consensus estimate of $2.90 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide's dividend payout ratio (DPR) is presently 12.88%.

Hilton Worldwide announced that its board has authorized a share buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are 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.