Hilton Worldwide Holdings Inc. (NYSE:HLT), the $61 billion hospitality giant, recently reported that Michael W. Duffy, the company's Senior Vice President, Chief Accounting and Risk Officer, sold shares worth approximately $5.88 million. The transaction took place on December 16, 2024, with 23,366 shares sold at a price of $251.66 each, near the stock's 52-week high of $259.01. According to InvestingPro analysis, Hilton's shares have delivered an impressive 39% return year-to-date.
In addition to the sale, Duffy also exercised stock options to acquire a total of 23,366 shares at various prices ranging from $79.35 to $150.67. The total value of these acquisitions amounted to approximately $2.35 million. Following these transactions, Duffy's direct holdings stand at 22,833 shares. InvestingPro data shows Hilton maintains a GREAT financial health score, though the stock currently trades above its Fair Value. For deeper insights into Hilton's valuation and 12 additional ProTips, subscribers can access the comprehensive Pro Research Report.
In other recent news, Hilton Worldwide Holdings Inc. has announced some significant developments. The hospitality giant disclosed that Michael W. Duffy, the Senior Vice President, Chief Accounting and Risk Officer, will depart in 2025, with Misha Moylan, currently Senior Vice President of Internal Audit and Enterprise Risk Management, succeeding him. Hilton also expanded its stock repurchase program by $3.5 billion, raising the total amount available for future repurchases to around $4.8 billion.
Several financial institutions have adjusted their share price targets for Hilton. TD Cowen retained its Buy rating but reduced the price target to $256 due to a lower than expected Revenue per Available Room (RevPAR) increase. Mizuho (NYSE:MFG) Securities raised its price target for Hilton to $243, maintaining an outperform rating, following Hilton's robust adjusted EBITDA of $904 million. Truist Securities and Deutsche Bank (ETR:DBKGn) also adjusted their financial outlooks for Hilton, raising the price targets to $220 and $200 respectively, while maintaining Hold ratings.
These changes followed Hilton's Third Quarter 2024 Earnings Conference Call, which revealed strong performance and an optimistic outlook for 2025. The company expressed confidence in achieving the 2025 EBITDA target of $3.69 billion. These are just some of the recent developments at Hilton Worldwide Holdings Inc.
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