Cookson Peirce & Co. Inc. Cuts Stake in Hilton Worldwide Holdings Inc. $HLT

Cookson Peirce & Co. Inc. lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 15.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,570 shares of the company’s stock after selling 1,418 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Hilton Worldwide were worth $2,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Hilton Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,115,086 shares of the company’s stock valued at $5,714,938,000 after purchasing an additional 104,802 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Hilton Worldwide by 8.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock valued at $1,100,530,000 after purchasing an additional 364,307 shares during the period. Jennison Associates LLC boosted its stake in shares of Hilton Worldwide by 11.3% during the first quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock valued at $861,132,000 after purchasing an additional 385,096 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Hilton Worldwide by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock valued at $487,135,000 after purchasing an additional 494,224 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hilton Worldwide by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company’s stock valued at $391,521,000 after purchasing an additional 398,827 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $265.90 on Wednesday. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80. The business has a fifty day moving average price of $268.02 and a 200-day moving average price of $255.31. The company has a market capitalization of $62.54 billion, a PE ratio of 40.85, a PEG ratio of 2.58 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%.The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company earned $1.91 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher W. Silcock sold 11,905 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the completion of the transaction, the insider directly owned 79,451 shares in the company, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HLT has been the subject of a number of research analyst reports. Macquarie raised their price target on Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Evercore ISI raised their price target on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Sanford C. Bernstein raised their price target on Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 16th. Jefferies Financial Group raised their price target on Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Raymond James Financial raised their price target on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $270.31.

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.