Robertson Stephens Wealth Management LLC Cuts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Robertson Stephens Wealth Management LLC decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,509 shares of the company’s stock after selling 1,668 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Hilton Worldwide were worth $1,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $34,000. Groupama Asset Managment lifted its holdings in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after acquiring an additional 4,118 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $38,000. Finally, True Wealth Design LLC lifted its holdings 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 valued at $40,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 4.7 %

Shares of HLT stock opened at $269.89 on Friday. The firm has a market cap of $65.79 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 2.67 and a beta of 1.29. The company’s 50 day moving average is $249.92 and its 200 day moving average is $235.26. Hilton Worldwide Holdings Inc. has a 52-week low of $186.83 and a 52-week high of $273.78.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide declared that its board has initiated a stock buyback program on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Evercore ISI raised their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Bank of America raised their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Robert W. Baird raised their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $239.88.

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.