Janney Montgomery Scott LLC Purchases 101 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Janney Montgomery Scott LLC boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,345 shares of the company’s stock after buying an additional 101 shares during the period. Janney Montgomery Scott LLC’s holdings in Hilton Worldwide were worth $6,511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in shares of Hilton Worldwide in the third quarter valued at approximately $25,000. Groupama Asset Managment raised its stake 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 purchasing an additional 4,118 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Hilton Worldwide in the third quarter valued at about $38,000. True Wealth Design LLC boosted its position in shares of Hilton Worldwide by 2,400.0% during the third 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 period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Hilton Worldwide during the third quarter worth about $46,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Up 1.6 %

NYSE:HLT opened at $253.71 on Wednesday. The company has a 50 day simple moving average of $249.28 and a two-hundred day simple moving average of $233.65. The company has a market cap of $61.85 billion, a PE ratio of 54.45, a price-to-earnings-growth ratio of 2.78 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.01.

Hilton Worldwide announced that its board has authorized a stock buyback plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

HLT has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Truist Financial upped their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Evercore ISI raised their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $238.24.

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.