Robeco Institutional Asset Management B.V. Reduces Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Robeco Institutional Asset Management B.V. lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 104,471 shares of the company’s stock after selling 15,881 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Hilton Worldwide were worth $25,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake 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 acquiring an additional 1,429,537 shares during the last quarter. Jennison Associates LLC lifted its position in Hilton Worldwide by 33.2% during the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock valued at $745,624,000 after purchasing an additional 806,029 shares in the last quarter. Stockbridge Partners LLC grew its holdings in Hilton Worldwide by 63.6% during the third quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock valued at $355,984,000 after purchasing an additional 600,593 shares during the period. International Assets Investment Management LLC increased its position in Hilton Worldwide by 23,730.1% in the third 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 in the last quarter. Finally, FMR LLC raised its stake in shares of Hilton Worldwide by 2.1% in the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after buying an additional 226,223 shares during the period. Hedge funds and other institutional investors 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 firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on HLT. Evercore ISI increased their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Mizuho upped their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $238.24.

Hilton Worldwide Stock Up 1.2 %

Shares of NYSE:HLT opened at $256.95 on Friday. The firm has a fifty day simple moving average of $249.44 and a two-hundred day simple moving average of $234.03. The stock has a market capitalization of $62.64 billion, a P/E ratio of 55.14, a PEG ratio of 2.78 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52 week low of $186.83 and a 52 week high of $259.01.

Hilton Worldwide declared that its board has authorized a share buyback plan on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.