Chicago Partners Investment Group LLC Takes $275,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Chicago Partners Investment Group LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,130 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great Diamond Partners LLC purchased a new position in Hilton Worldwide in the fourth quarter valued at about $206,000. Caprock Group LLC raised its position in shares of Hilton Worldwide by 30.6% in the 4th quarter. Caprock Group LLC now owns 4,826 shares of the company’s stock valued at $1,193,000 after purchasing an additional 1,130 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Hilton Worldwide by 10.8% during the 4th quarter. OLD National Bancorp IN now owns 1,904 shares of the company’s stock valued at $471,000 after buying an additional 185 shares during the last quarter. First Affirmative Financial Network increased its stake in shares of Hilton Worldwide by 12.1% in the fourth quarter. First Affirmative Financial Network now owns 1,012 shares of the company’s stock worth $250,000 after buying an additional 109 shares during the last quarter. Finally, Merrion Investment Management Co LLC acquired a new stake in Hilton Worldwide in the fourth quarter valued at $247,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

HLT opened at $258.85 on Wednesday. The stock’s 50 day moving average price is $249.66 and its 200 day moving average price is $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 Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.21.

Hilton Worldwide announced that its Board of Directors has authorized a share repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their target price on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. TD Cowen dropped their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Eleven investment 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.com, the stock has an average rating of “Hold” and an average target price of $238.71.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.