Ameritas Investment Partners Inc. Sells 122 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ameritas Investment Partners Inc. cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,728 shares of the company’s stock after selling 122 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Hilton Worldwide were worth $582,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $25,000. Activest Wealth Management acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth $26,000. Independence Bank of Kentucky lifted its position in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Frazier Financial Advisors LLC bought a new position in Hilton Worldwide in the 4th quarter valued at about $28,000. Finally, Raleigh Capital Management Inc. increased its stake in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Down 1.9 %

HLT stock traded down $4.14 during midday trading on Wednesday, reaching $216.52. 750,519 shares of the company’s stock traded hands, compared to its average volume of 1,551,926. Hilton Worldwide Holdings Inc. has a 52 week low of $146.00 and a 52 week high of $229.03. The company has a market cap of $54.14 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 1.93 and a beta of 1.31. The firm’s fifty day moving average price is $211.03 and its 200-day moving average price is $203.83.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. Analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLT. Robert W. Baird boosted their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Bank of America increased their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday. Susquehanna started coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $209.16.

Insider Transactions at Hilton Worldwide

In related news, Director Melanie Healey bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now directly owns 14,938 shares in the company, valued at $2,982,371.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Company Profile

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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.