Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,351 shares of the company’s stock after buying an additional 213 shares during the period. Avantax Advisory Services Inc.’s holdings in Hilton Worldwide were worth $1,323,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $36,000. Hopwood Financial Services Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $41,000. Finally, True Wealth Design LLC boosted its position 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 valued at $40,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HLT shares. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Raymond James raised their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Macquarie raised their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Morgan Stanley raised their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Mizuho reiterated a “neutral” rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $250.61.

Hilton Worldwide Stock Performance

Shares of HLT opened at $226.86 on Wednesday. The firm has a market cap of $54.58 billion, a PE ratio of 36.89, a PEG ratio of 2.86 and a beta of 1.29. The firm’s 50 day moving average price is $252.90 and its 200 day moving average price is $244.19. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is presently 9.76%.

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.