The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hilton Worldwide Holdings Inc. shares valued at $99,889 were purchased by STEENLAND DOUGLAS M on May 22. At $143.73 per share, STEENLAND DOUGLAS M acquired 695 shares. The insider’s holdings grew to 26,194 shares worth approximately $3.67 million following the completion of this transaction.
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Also, Silcock Christopher W sold 90 shares, netting a total of over 12,425 in proceeds. Following the sale of shares at $138.05 each, the insider now holds 64,434 shares.
Before that, Campbell Kristin Ann had sold 32,863 shares from its account. In a trade valued at $4,959,947, the insider traded Hilton Worldwide Holdings Inc. shares for $150.93 each. Upon closing the transaction, the insider’s holdings decreased to 32,863 shares, worth approximately $30.93 million.
Analyzing HLT Stock Performance
On Thursday, Hilton Worldwide Holdings Inc. [NYSE: HLT] rose 2.25% to $139.93. The stock’s lowest price that day was $136.91, but it reached a high of $140.13 in the same session. During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Hilton Worldwide Holdings Inc. shares have jumped approximately 10.74%. Shares of the company reached a 52-week high of $152.89 on 02/15/23 and a 52-week low of $124.50 on 01/03/23. A 50-day SMA is recorded $141.59, while a 200-day SMA reached $136.47. Nevertheless, trading volume fell to 1.3 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Hilton Worldwide Holdings Inc. (HLT)
According to the 24-hour chart, there is a support level at 137.85, which, if violated, would cause prices to drop to 135.77. In the upper region, resistance lies at 141.07. The next price resistance is at 142.21. RSI (Relative Strength Index) is 44.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.36, which suggests the price will decrease in the coming days. Percent R is at 60.98%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Hilton Worldwide Holdings Inc. subject to short interest?
Stocks of Hilton Worldwide Holdings Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 0.5 million shares to 4.31 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 3.81 million shares. A jump of 11.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.54.
Which companies own the most shares of Hilton Worldwide Holdings Inc. (HLT)?
According to The Vanguard Group, Inc. filings, the company currently owns 24,556,760 shares, which is about 9.28% of the total HLT shares outstanding. The investor’s shares have plunged by -114,749 from its previous 13-F filing of 24671509.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,868,165,799. Fidelity Management & Research Co acquire a 12.70% interest valued at $1.48 billion while SSgA Funds Management, Inc. sold a -154,004 stake. A total of 185,704 shares of Hilton Worldwide Holdings Inc. were sold by Principal Global Investors LLC during the quarter, and -732,539 were sold by Pershing Square Capital Managemen. In its current portfolio, T. Rowe Price Investment Manageme holds 8,974,633 shares valued at $1.29 billion.
In terms of Hilton Worldwide Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $156.44 in the next 12 months, up nearly 13.99% from the previous closing price of $136.85. Analysts anticipate Hilton Worldwide Holdings Inc. stock to reach $170.00 by 2023, with the lowest price target being $142.00. In spite of this, 21 analysts ranked Hilton Worldwide Holdings Inc. stock as an Overweight at the end of 2023.