Hilton Worldwide Holdings Inc. (HLT) Sees Strong Trading Volume
Hilton Worldwide Holdings Inc. (NYSE:HLT) shares saw unusually-strong trading volume on Wednesday . Approximately 9,662,036 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 8,383,545 shares.The stock last traded at $24.26 and had previously closed at $24.37.
Several analysts recently commented on HLT shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $27.00 price objective on shares of Hilton Worldwide Holdings in a research note on Monday, June 27th. TheStreet raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. Citigroup Inc. raised their price objective on Hilton Worldwide Holdings from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 13th. FBR & Co reaffirmed a “buy” rating on shares of Hilton Worldwide Holdings in a research note on Thursday, April 28th. Finally, Bank of America Corp. reaffirmed 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 company. The company currently has an average rating of “Buy” and an average price target of $26.75.
The company has a 50-day moving average price of $23.47 and a 200-day moving average price of $21.80. The firm has a market capitalization of $24.03 billion and a price-to-earnings ratio of 14.63.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the company earned $0.25 EPS. Hilton Worldwide Holdings’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post $0.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 19th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, August 17th.
A number of hedge funds have recently bought and sold shares of the company. 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 valued at $30,983,000 after buying an additional 1,342,264 shares in the last quarter. Trexquant Investment LP purchased a new stake in Hilton Worldwide Holdings during the fourth quarter valued at about $1,659,000. 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 valued at $1,918,000 after buying an additional 71,364 shares in the last quarter. Airain ltd purchased a new stake in Hilton Worldwide Holdings during the fourth quarter valued at about $1,312,000. Finally, 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 valued at $1,943,000 after buying an additional 34,517 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.