Hilton Worldwide Holdings Inc (NYSE:HLT) saw unusually large options trading on Friday. Traders acquired 12,563 put options on the company. This represents an increase of approximately 845% compared to the average daily volume of 1,330 put options.
Hilton Worldwide (NYSE:HLT) opened at $82.65 on Monday. The stock has a market capitalization of $26,440.00, a price-to-earnings ratio of 826.50, a PEG ratio of 6.17 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 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 initiated a share repurchase program on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Several hedge funds have recently modified their holdings of HLT. State Street Corp increased its position in shares of Hilton Worldwide by 141.6% during the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after purchasing an additional 4,609,697 shares in the last quarter. Capital International Investors acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $267,430,000. JPMorgan Chase & Co. increased its position in shares of Hilton Worldwide by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after acquiring an additional 2,035,463 shares during the period. Principal Financial Group Inc. increased its position in shares of Hilton Worldwide by 29.0% in the 3rd quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock valued at $308,609,000 after acquiring an additional 999,899 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Hilton Worldwide by 3,536.4% in the 2nd quarter. Janus Henderson Group PLC now owns 882,454 shares of the company’s stock valued at $54,579,000 after acquiring an additional 858,187 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.
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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