Axxcess Wealth Management LLC Has $1.34 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Axxcess Wealth Management LLC cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,282 shares of the company’s stock after selling 153 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Hilton Worldwide were worth $1,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at approximately $204,000. Raymond James & Associates grew its holdings in shares of Hilton Worldwide by 2.2% during the 4th quarter. Raymond James & Associates now owns 272,398 shares of the company’s stock valued at $49,601,000 after purchasing an additional 5,877 shares during the last quarter. CVA Family Office LLC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $67,000. Assenagon Asset Management S.A. increased its position in Hilton Worldwide by 16.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 163,513 shares of the company’s stock valued at $29,774,000 after acquiring an additional 22,845 shares during the period. Finally, Schechter Investment Advisors LLC increased its position in Hilton Worldwide by 8.2% in the 4th quarter. Schechter Investment Advisors LLC now owns 2,104 shares of the company’s stock valued at $383,000 after acquiring an additional 159 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Worldwide

In other news, Director Melanie Healey purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average cost 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 of the company’s stock, valued at $2,982,371.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded up $2.43 during trading hours on Friday, reaching $215.61. The company’s stock had a trading volume of 1,615,572 shares, compared to its average volume of 1,496,496. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03. The company has a market capitalization of $53.91 billion, a P/E ratio of 46.87, a P/E/G ratio of 1.88 and a beta of 1.31. The stock’s fifty day simple moving average is $211.60 and its two-hundred day simple moving average is $204.20.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm earned $1.24 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Analyst Ratings Changes

HLT has been the subject of several recent research reports. 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. HSBC upped their price target on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Barclays upped their price target on shares of Hilton Worldwide from $219.00 to $228.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Mizuho decreased their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.