National Bank of Canada FI Has $36.92 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

National Bank of Canada FI grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 194.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,439 shares of the company’s stock after acquiring an additional 117,093 shares during the quarter. National Bank of Canada FI owned 0.07% of Hilton Worldwide worth $36,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide during the fourth 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 increased its position in shares of Hilton Worldwide by 66.7% in 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 acquired a new position in Hilton Worldwide in the fourth quarter valued at about $28,000. Finally, Raleigh Capital Management Inc. lifted its position in Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Melanie Healey purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the purchase, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Down 2.7 %

HLT traded down $6.06 during trading on Wednesday, reaching $214.60. 1,295,617 shares of the company’s stock were exchanged, compared to its average volume of 1,555,854. The firm has a fifty day moving average price of $211.23 and a two-hundred day moving average price of $203.91. The stock has a market capitalization of $53.66 billion, a PE ratio of 46.65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. Hilton Worldwide’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Wall Street Analyst Weigh In

HLT has been the topic of several recent analyst reports. Macquarie reissued a “neutral” rating and issued a $192.00 target price on shares of Hilton Worldwide in a report on Wednesday, April 24th. HSBC lifted their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Susquehanna assumed coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 target price for the company. Bank of America lifted their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday. Finally, Mizuho lowered their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $209.16.

Hilton Worldwide 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.