Hilton Worldwide Holdings major shareholder Sells $2,270,790,000 in Stock (HLT)
Hilton Worldwide Holdings (NYSE:HLT) major shareholder Holdings L.P. Blackstone III unloaded 103,500,000 shares of Hilton Worldwide Holdings stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $21.94, for a total transaction of $2,270,790,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
A number of research firms have recently commented on HLT. Analysts at Cleveland Research initiated coverage on shares of Hilton Worldwide Holdings in a research note on Friday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Hilton Worldwide Holdings has an average rating of “Buy” and an average price target of $25.18.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded up 1.42% on Tuesday, hitting $23.63. The stock had a trading volume of 10,280,936 shares. Hilton Worldwide Holdings has a 52-week low of $20.55 and a 52-week high of $25.75. The stock’s 50-day moving average is $22.50 and its 200-day moving average is $22.09. The company has a market cap of $23.266 billion and a P/E ratio of 43.39.
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.
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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