Hilton Worldwide Holdings Target of Unusually High Options Trading (NYSE:HLT)
Hilton Worldwide Holdings Inc. (NYSE:HLT) saw some unusual options trading activity on Tuesday. Investors purchased 1,399 put options on the company. This is an increase of approximately 129% compared to the typical volume of 612 put options.
Several hedge funds have recently modified their holdings of the stock. Brookfield Asset Management Inc. raised its stake in shares of Hilton Worldwide Holdings by 4.8% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,520,492 shares of the company’s stock worth $95,757,000 after buying an additional 159,665 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Hilton Worldwide Holdings by 7.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,733,825 shares of the company’s stock worth $47,161,000 after buying an additional 118,997 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Hilton Worldwide Holdings during the fourth quarter worth about $5,938,000. Westpac Banking Corp raised its stake in shares of Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock worth $4,419,000 after buying an additional 87,466 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Hilton Worldwide Holdings by 1,393.3% in the fourth quarter. Macquarie Group Ltd. now owns 179,200 shares of the company’s stock worth $4,873,000 after buying an additional 167,200 shares in the last quarter.
A number of equities research analysts have recently issued reports on the stock. FBR & Co upped their price objective on shares of Hilton Worldwide Holdings from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada upped their price objective on shares of Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, June 12th. Guggenheim assumed coverage on shares of Hilton Worldwide Holdings in a research note on Wednesday, April 26th. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $70.00 price objective (up previously from $67.00) on shares of Hilton Worldwide Holdings in a research note on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $72.94.
Hilton Worldwide Holdings (HLT) opened at 61.08 on Friday. The firm has a 50-day moving average of $64.95 and a 200 day moving average of $59.53. Hilton Worldwide Holdings has a one year low of $44.73 and a one year high of $67.79. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of 185.09 and a beta of 1.30.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Tuesday, May 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.10. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.05 billion. Hilton Worldwide Holdings had a net margin of 1.02% and a return on equity of 16.50%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities research analysts predict that Hilton Worldwide Holdings will post $1.83 earnings per share for the current fiscal year.
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About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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