Hilton Worldwide Holdings Insider Sells $8,522,731 in Stock (HLT)
Hilton Worldwide Holdings (NYSE:HLT) Insider Matthew W. Schuyler unloaded 373,968 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $22.79, for a total transaction of $8,522,730.72. Following the completion of the sale, the insider now directly owns 574,886 shares of the company’s stock, valued at approximately $13,101,652. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.85% on Friday, hitting $22.29. The stock had a trading volume of 4,256,307 shares. Hilton Worldwide Holdings has a one year low of $20.55 and a one year high of $25.75. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $22.04. The company has a market cap of $21.947 billion and a P/E ratio of 41.86. Hilton Worldwide Holdings also was the recipient of some unusual options trading on Wednesday. Stock traders acquired 17,055 put options on the stock. This is an increase of approximately 1,326% compared to the typical daily volume of 1,196 put options.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings data on Friday, May 9th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Hilton Worldwide Holdings’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Hilton Worldwide Holdings will post $0.66 EPS for the current fiscal year.
A number of analysts have recently weighed in on HLT shares. Analysts at Craig Hallum upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. Separately, analysts at Susquehanna raised their price target on shares of Hilton Worldwide Holdings from $26.00 to $27.00 in a research note on Wednesday, May 14th. Finally, analysts at Credit Suisse raised their price target on shares of Hilton Worldwide Holdings from $25.00 to $26.00 in a research note on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.18.
Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.
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