Daiwa Securities Group Inc. reduced its stake in Hilton Worldwide Holdings Inc (NYSE:HLT) by 40.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 40,197 shares of the company’s stock after selling 26,788 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Hilton Worldwide were worth $3,210,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in HLT. Capital International Investors bought a new position in Hilton Worldwide in the 3rd quarter worth $267,430,000. JPMorgan Chase & Co. raised its holdings in Hilton Worldwide by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock worth $882,616,000 after purchasing an additional 2,035,463 shares during the period. Principal Financial Group Inc. raised its holdings in Hilton Worldwide by 29.0% in the 3rd quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock worth $308,609,000 after purchasing an additional 999,899 shares during the period. Capital Bank & Trust Co bought a new position in Hilton Worldwide in the 3rd quarter worth $56,238,000. Finally, Capital Guardian Trust Co. bought a new position in Hilton Worldwide in the 3rd quarter worth $44,449,000. 99.29% of the stock is currently owned by institutional investors.

HLT has been the topic of a number of recent research reports. Barclays raised their target price on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Raymond James Financial raised Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $78.00 to $69.00 in a report on Monday, January 8th. Morgan Stanley reissued a “buy” rating on shares of Hilton Worldwide in a report on Friday, December 8th. FBR & Co reissued a “neutral” rating and set a $73.00 price target on shares of Hilton Worldwide in a report on Thursday, October 26th. Finally, Wells Fargo & Co cut Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $78.00 price target on the stock. in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.18.

Hilton Worldwide Holdings Inc (NYSE:HLT) opened at $83.21 on Wednesday. The firm has a market capitalization of $26,178.42, a PE ratio of 37.88, a PEG ratio of 6.11 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings Inc has a 12-month low of $55.79 and a 12-month high of $88.11.

Hilton Worldwide declared that its Board of Directors has authorized a share buyback plan on Thursday, November 16th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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About Hilton Worldwide

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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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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