1,000 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Purchased by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company's stock, valued at approximately $247,000.

Several other hedge funds have also recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new position in shares of Hilton Worldwide in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the 4th quarter worth $34,000. Groupama Asset Managment grew its holdings in shares of Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after buying an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide in the third quarter worth about $38,000. Finally, True Wealth Design LLC boosted its position in Hilton Worldwide by 2,400.0% during the third quarter. True Wealth Design LLC now owns 175 shares of the company's stock worth $40,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Buying and Selling

In other news, insider Michael W. Duffy sold 23,366 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.50% of the company's stock.

Hilton Worldwide Trading Up 1.0 %

Shares of NYSE:HLT traded up $2.54 during midday trading on Thursday, hitting $256.47. 460,618 shares of the stock were exchanged, compared to its average volume of 1,310,895. The stock has a market cap of $62.52 billion, a P/E ratio of 55.13, a PEG ratio of 2.78 and a beta of 1.30. The company has a 50 day moving average price of $249.44 and a 200-day moving average price of $234.03. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $259.01.

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

Analyst Upgrades and Downgrades

HLT has been the topic of several recent research reports. TD Cowen lowered their target price on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Barclays upped their price target on Hilton Worldwide from $243.00 to $268.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Melius Research reissued a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Finally, Robert W. Baird upped their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of "Hold" and an average target price of $238.24.

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.