Traders Sell Shares of Hilton Worldwide Holdings Inc. (HLT) on Strength (HLT)
Traders sold shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) on strength during trading hours on Monday. $25.96 million flowed into the stock on the tick-up and $56.55 million flowed out of the stock on the tick-down, for a money net flow of $30.59 million out of the stock. Of all companies tracked, Hilton Worldwide Holdings had the 0th highest net out-flow for the day. Hilton Worldwide Holdings traded up $0.25 for the day and closed at $23.91
A number of research firms have recently commented on HLT. Citigroup Inc. raised their target price on Hilton Worldwide Holdings from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Morgan Stanley lowered their target price on Hilton Worldwide Holdings from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Bank of America Corp. reiterated a “buy” rating on shares of Hilton Worldwide Holdings in a research note on Thursday, April 28th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, FBR & Co reiterated a “buy” rating on shares of Hilton Worldwide Holdings in a research note on Thursday, April 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the stock. Hilton Worldwide Holdings currently has an average rating of “Buy” and a consensus price target of $26.75.
The company has a market capitalization of $23.84 billion and a price-to-earnings ratio of 14.51. The stock’s 50 day moving average is $23.30 and its 200-day moving average is $21.73.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.01. The firm earned $3.05 billion during the quarter, compared to analysts’ expectations of $3.06 billion. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post $0.90 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Wednesday, August 17th.
Several large investors have bought and sold shares of HLT. BNP Paribas Arbitrage SA boosted its stake in Hilton Worldwide Holdings by 1,271.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 1,447,801 shares of the company’s stock worth $30,983,000 after buying an additional 1,342,264 shares during the period. Andra AP fonden boosted its stake in Hilton Worldwide Holdings by 21.7% in the fourth quarter. Andra AP fonden now owns 103,900 shares of the company’s stock worth $2,223,000 after buying an additional 18,500 shares during the period. Advisors Asset Management Inc. boosted its stake in Hilton Worldwide Holdings by 61.3% in the fourth quarter. Advisors Asset Management Inc. now owns 90,784 shares of the company’s stock worth $1,943,000 after buying an additional 34,517 shares during the period. Suntrust Banks Inc. boosted its stake in Hilton Worldwide Holdings by 389.8% in the fourth quarter. Suntrust Banks Inc. now owns 89,670 shares of the company’s stock worth $1,918,000 after buying an additional 71,364 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Hilton Worldwide Holdings during the fourth quarter worth approximately $1,659,000.
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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