Skandinaviska Enskilda Banken AB publ Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 49,579 shares of the company’s stock after selling 1,425 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Hilton Worldwide were worth $6,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of HLT. Public Employees Retirement System of Ohio increased its stake in shares of Hilton Worldwide by 8.6% during the second quarter. Public Employees Retirement System of Ohio now owns 160,953 shares of the company’s stock valued at $19,414,000 after buying an additional 12,702 shares during the period. Rockefeller Capital Management L.P. increased its position in Hilton Worldwide by 97.9% during the second quarter. Rockefeller Capital Management L.P. now owns 34,210 shares of the company’s stock valued at $4,125,000 after acquiring an additional 16,921 shares during the last quarter. TFG Advisers LLC boosted its stake in shares of Hilton Worldwide by 5.0% in the third quarter. TFG Advisers LLC now owns 2,115 shares of the company’s stock worth $279,000 after acquiring an additional 100 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Hilton Worldwide by 8.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,630 shares of the company’s stock worth $11,776,000 after purchasing an additional 7,930 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Hilton Worldwide by 290.8% during the second quarter. Thrivent Financial for Lutherans now owns 47,239 shares of the company’s stock valued at $5,698,000 after buying an additional 35,151 shares during the period. Institutional investors own 96.04% of the company’s stock.

Shares of NYSE HLT opened at $147.98 on Friday. The firm’s 50-day simple moving average is $146.36 and its 200 day simple moving average is $136.21. The company has a market cap of $41.24 billion, a price-to-earnings ratio of 1,138.31 and a beta of 1.27. Hilton Worldwide Holdings Inc. has a 12-month low of $98.57 and a 12-month high of $159.21.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 27th. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.70 billion. Hilton Worldwide had a negative return on equity of 25.13% and a net margin of 0.81%. The business’s revenue for the quarter was up 87.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, research analysts predict that Hilton Worldwide Holdings Inc. will post 2.13 earnings per share for the current year.

In related news, insider Matthew W. Schuyler sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 15th. The stock was sold at an average price of $139.33, for a total value of $417,990.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew W. Schuyler sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $152.19, for a total value of $1,521,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,722 shares of company stock valued at $30,773,357. Insiders own 2.40% of the company’s stock.

Several equities analysts recently issued reports on the company. Argus upped their target price on Hilton Worldwide from $162.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, December 28th. Loop Capital raised their price target on shares of Hilton Worldwide from $140.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 2nd. Sanford C. Bernstein cut shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 price target for the company. in a research report on Monday, January 10th. Citigroup lifted their price target on shares of Hilton Worldwide from $137.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Finally, BMO Capital Markets boosted their price target on shares of Hilton Worldwide from $135.00 to $144.00 and gave the stock a “market perform” rating in a research note on Thursday, October 28th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $144.56.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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