Securian Asset Management Inc. Sells 355 Shares of Hilton Worldwide Holdings Inc. $HLT

Securian Asset Management Inc. reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,390 shares of the company’s stock after selling 355 shares during the quarter. Securian Asset Management Inc.’s holdings in Hilton Worldwide were worth $3,300,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HLT. Nuveen LLC bought a new position in Hilton Worldwide in the 1st quarter valued at about $353,985,000. Goldman Sachs Group Inc. increased its holdings in Hilton Worldwide by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock valued at $487,135,000 after buying an additional 494,224 shares during the period. Strs Ohio bought a new position in Hilton Worldwide in the 1st quarter valued at about $97,505,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hilton Worldwide by 30.2% in the 1st 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 buying an additional 398,827 shares during the period. Finally, Jennison Associates LLC increased its holdings in Hilton Worldwide by 11.3% in the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock valued at $861,132,000 after buying an additional 385,096 shares during the period. 95.90% of the stock is owned by institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the sale, the insider owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Hilton Worldwide Stock Up 1.9%

NYSE:HLT opened at $265.90 on Wednesday. The company has a fifty day moving average of $268.02 and a 200-day moving average of $255.31. The firm has a market capitalization of $62.54 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.58 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80.

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

Analysts Set New Price Targets

Several equities analysts have commented on HLT shares. Macquarie raised their target price on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Robert W. Baird reduced their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Bank of America raised their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, July 21st. TD Cowen reduced their price target on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Finally, Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.31.

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.