First Affirmative Financial Network Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Affirmative Financial Network increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,012 shares of the company’s stock after purchasing an additional 109 shares during the period. First Affirmative Financial Network’s holdings in Hilton Worldwide were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HLT. GHP Investment Advisors Inc. bought a new position in shares of Hilton Worldwide in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $34,000. Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide during the third quarter valued at approximately $38,000. True Wealth Design LLC grew its stake in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 168 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Hilton Worldwide during the 4th quarter valued at approximately $49,000. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen lowered their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Truist Financial upped their target price on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Evercore ISI upped their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Finally, Mizuho lifted their target price on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $238.24.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $256.95 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $186.83 and a 1 year high of $259.01. The firm’s 50 day moving average price is $249.44 and its 200-day moving average price is $234.03. The stock has a market cap of $62.64 billion, a P/E ratio of 55.14, a PEG ratio of 2.78 and a beta of 1.30.

Hilton Worldwide announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors 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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.