T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 36.71% to 9.24 million shares with purchase of 2.48 million shares. This fresh investment now brings its stake to 3.47% valued currently at $1.33 billion. In addition, Managed Account Advisors LLC raised its holdings by 1.69 million to 6.34 million shares.
With over 2.69 million Hilton Worldwide Holdings Inc. (HLT) shares trading Friday and a closing price of $140.55 on the day, the dollar volume was approximately $378.36 million. The shares have shown a positive half year performance of 5.70% and its price on 03/10/23 lost nearly -1.31%. Currently, there are 269.00M common shares owned by the public and among those 265.64M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for HLT have a consensus price objective of $154.88. The analysts have set the share’s price value over the next 12 months at a high of $170.00 and a low of $137.00. The average price target is 5.78% above its recent price level and a downside to the estimated low will see the stock lose -2.59% over that period. But an upside of 17.32% will see the stock hit the forecast high price target while median target price for the stock is $154.00.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 18,140 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 25,060 shares.
The top 3 mutual fund holders in Hilton Worldwide Holdings Inc. are Pershing Square Holdings Ltd., Vanguard Total Stock Market Index, and American Funds AMCAP Fund. Pershing Square Holdings Ltd. owns 11.41 million shares of the company’s stock, all valued at over $1.65 billion. Vanguard Total Stock Market Index bought 66169.0 shares to see its total holdings expand to 8.29 million shares valued at over $1.2 billion and representing 3.11% of the shares outstanding. American Funds AMCAP Fund sold -2.31 million shares to bring its total holdings to over 6.38 million shares at a value of $922.43 million. American Funds AMCAP Fund now owns shares totaling to 2.40% of the shares outstanding.
Shares of Hilton Worldwide Holdings Inc. (NYSE: HLT) opened at $141.66, down -$0.75 from a prior closing price of $142.41. However, the script later moved the day high at 144.42, down -1.31%. The company’s stock has a 5-day price change of -4.76% and 4.64% over the past three months. HLT shares are trading 11.23% year to date (YTD), with the 12-month market performance up to 1.47% higher. It has a 12-month low price of $108.41 and touched a high of $167.99 over the same period. HLT has an average intraday trading volume of 1.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.33%, -0.21%, and 6.61% respectively.
Institutional ownership of Hilton Worldwide Holdings Inc. (NYSE: HLT) shares accounts for 98.60% of the company’s 269.00M shares outstanding. Mutual fund holders own 37.50%, while other institutional holders and individual stakeholders account for 60.97% and 14.99% respectively.
It has a market capitalization of $37.95B and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 30.97, while the earnings-per-share (ttm) stands at $4.54. The company has a PEG of 0.69 and a Quick Ratio of 0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.65% over the week and 2.05% over the month.
Analysts forecast that Hilton Worldwide Holdings Inc. (HLT) will achieve an EPS of $1.14 for the current quarter, $1.52 for the next quarter and $6.53 for 2024. The lowest estimate earnings-per-share for the quarter is $0.98 while analysts give the company a high EPS estimate of $1.32. Comparatively, EPS for the current quarter was $0.71 a year ago. Earnings per share for the fiscal year are expected to increase by 210.50%, and 16.27% over the next financial year. EPS should grow at an annualized rate of 45.03% over the next five years, compared to 25.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate Hilton Worldwide Holdings Inc. (HLT) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 12 of the 20 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HLT, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on March 09, 2023, with the firm’s price target at $151-$168. Jefferies coverage for the Hilton Worldwide Holdings Inc. (HLT) stock in a research note released on January 09, 2023 offered a Hold rating with a price target of $134. Citigroup was of a view on December 14, 2022 that the stock is Neutral, while Morgan Stanley gave the stock Overweight rating on December 05, 2022, issuing a price target of $171. Redburn on their part issued Neutral rating on November 30, 2022.
