Berkshire Money Management Inc. Buys Shares of 1,307 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Berkshire Money Management Inc. acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,307 shares of the company’s stock, valued at approximately $323,000.

Other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in Hilton Worldwide during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $34,000. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the 3rd quarter worth $38,000. True Wealth Design LLC increased its stake in Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 168 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Hilton Worldwide during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 1.0 %

Shares of HLT stock opened at $258.85 on Wednesday. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $259.21. The stock has a 50 day moving average of $249.66 and a 200 day moving average of $234.83. The stock has a market cap of $63.10 billion, a P/E ratio of 55.55, a P/E/G ratio of 2.67 and a beta of 1.29.

Hilton Worldwide declared that its board has initiated 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 purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Barclays boosted their price target on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. TD Cowen cut their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird upped their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $238.71.

Insider Activity at Hilton Worldwide

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

Hilton Worldwide Profile

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.