Impax Asset Management Group plc decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,923 shares of the company’s stock after selling 14,170 shares during the period. Impax Asset Management Group plc’s holdings in Hilton Worldwide were worth $40,237,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Norges Bank bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $337,490,000. T. Rowe Price Investment Management Inc. boosted its position in Hilton Worldwide by 36.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock valued at $1,167,300,000 after buying an additional 2,480,451 shares during the period. D1 Capital Partners L.P. purchased a new stake in Hilton Worldwide during the 2nd quarter valued at $297,849,000. Capital International Investors boosted its position in Hilton Worldwide by 20.2% during the 2nd quarter. Capital International Investors now owns 8,997,402 shares of the company’s stock valued at $1,309,205,000 after buying an additional 1,511,828 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Hilton Worldwide by 14.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,150,425 shares of the company’s stock valued at $1,040,744,000 after buying an additional 885,308 shares during the period. Institutional investors own 94.71% of the company’s stock.
Insider Transactions at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 10,863 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $166.61, for a total value of $1,809,884.43. Following the completion of the sale, the insider now directly owns 58,256 shares in the company, valued at $9,706,032.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
Analyst Upgrades and Downgrades
Hilton Worldwide Stock Performance
NYSE:HLT opened at $194.18 on Wednesday. The firm has a 50-day simple moving average of $179.28 and a two-hundred day simple moving average of $162.17. Hilton Worldwide Holdings Inc. has a fifty-two week low of $129.86 and a fifty-two week high of $195.12. The firm has a market cap of $49.80 billion, a P/E ratio of 39.07, a P/E/G ratio of 1.63 and a beta of 1.23.
Hilton Worldwide announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 9th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management 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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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