VCI Wealth Management LLC Acquires 1,648 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

VCI Wealth Management LLC boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,804 shares of the company's stock after acquiring an additional 1,648 shares during the period. VCI Wealth Management LLC's holdings in Hilton Worldwide were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new stake in Hilton Worldwide during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Hilton Worldwide during the 4th quarter worth approximately $34,000. Groupama Asset Managment lifted its holdings in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after buying an additional 4,118 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $38,000. Finally, True Wealth Design LLC boosted its holdings in shares of Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company's stock worth $40,000 after buying an additional 168 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on HLT shares. The Goldman Sachs Group raised their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Melius cut Hilton Worldwide from a "buy" rating to a "hold" rating in a report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Finally, 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 report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $238.24.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide 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 in the company, valued at approximately $5,746,152.78. The trade was 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. Insiders own 2.50% of the company's stock.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $3.99 during trading on Tuesday, reaching $253.71. 1,578,728 shares of the stock traded hands, compared to its average volume of 1,355,590. The company has a 50-day moving average of $249.28 and a 200-day moving average of $233.65. Hilton Worldwide Holdings Inc. has a 52-week low of $186.83 and a 52-week high of $259.01. The stock has a market capitalization of $61.85 billion, a P/E ratio of 54.45, a price-to-earnings-growth ratio of 2.78 and a beta of 1.30.

Hilton Worldwide declared that its board has approved a share buyback program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors 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.