Belpointe Asset Management LLC Purchases 1,049 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Belpointe Asset Management LLC lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 120.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,919 shares of the company’s stock after acquiring an additional 1,049 shares during the period. Belpointe Asset Management LLC’s holdings in Hilton Worldwide were worth $231,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in Hilton Worldwide during the 1st quarter valued at approximately $26,000. Assetmark Inc. increased its position in Hilton Worldwide by 60.6% during the 1st quarter. Assetmark Inc. now owns 228 shares of the company’s stock valued at $28,000 after buying an additional 86 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in Hilton Worldwide by 186.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 412 shares of the company’s stock valued at $49,000 after buying an additional 268 shares in the last quarter. Vigilant Capital Management LLC bought a new position in Hilton Worldwide during the 2nd quarter valued at approximately $52,000. Finally, Prime Capital Investment Advisors LLC increased its position in Hilton Worldwide by 53.0% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 505 shares of the company’s stock valued at $61,000 after buying an additional 175 shares in the last quarter. 96.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Hilton Worldwide stock opened at $131.82 on Wednesday. The stock’s 50-day simple moving average is $124.88 and its 200-day simple moving average is $124.60. Hilton Worldwide Holdings Inc. has a 52 week low of $81.48 and a 52 week high of $136.89. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of -130.51 and a beta of 1.32.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Thursday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.22. Hilton Worldwide had a negative return on equity of 10.48% and a negative net margin of 6.98%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Analysts forecast that Hilton Worldwide Holdings Inc. will post 2.09 earnings per share for the current year.

In other news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction dated Monday, August 16th. The stock was sold at an average price of $121.42, for a total value of $364,260.00. Following the sale, the insider now directly owns 287,953 shares of the company’s stock, valued at $34,963,253.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

HLT has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, May 18th. Zacks Investment Research raised Hilton Worldwide from a “sell” rating to a “hold” rating and set a $141.00 target price for the company in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Hilton Worldwide from $113.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, July 30th. Raymond James lifted their target price on Hilton Worldwide from $135.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Finally, Morgan Stanley lifted their target price on Hilton Worldwide from $110.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, July 30th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $120.83.

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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