Friday, October 06, 2017 10:15 PM ET
Hilton Worldwide Holdings (HLT) Insiders Make Significant Share Sales
SEC filings today reported substantial insider sales of Hilton Worldwide Holdings shares as three insiders — Blackstone Real Estate Partners Vi Te 2 Lp, 10% Owner, Blackstone Real Estate Associates Vi Lp, 10% Owner, and Hlt Holdco Iii Llc, 10% Owner — sold 46,788,525 shares in the company having a market value of approximately $3,233,321,020. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 15,596,175 shares per transaction.
Compared to its peers over the last 90 days, insider buy/sell trading at Hilton Worldwide Holdings is higher than the 12-company peer group average. Hotels, Motels & Cruise Lines peer group saw 17 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Hilton Worldwide Holdings insiders was also higher. Within the peer group there were 28,000 shares purchased and 203,950 shares sold with company insiders selling 10,350 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to evaluate and write this story.
Today’s Insider Activity
* Blackstone Real Estate Partners Vi Te 2 Lp, 10% Owner, sold 15,596,175 shares
* Blackstone Real Estate Associates Vi Lp, 10% Owner, sold 15,596,175 shares
* Hlt Holdco Iii Llc, 10% Owner, sold 15,596,175 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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