High-rolling investors have positioned themselves bullish on Hilton Worldwide Holdings HLT, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HLT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Hilton Worldwide Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $27,000, and 7 calls, totaling $514,850.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $175.0 to $210.0 for Hilton Worldwide Holdings over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Hilton Worldwide Holdings options trades today is 698.57 with a total volume of 415.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Hilton Worldwide Holdings's big money trades within a strike price range of $175.0 to $210.0 over the last 30 days.
Hilton Worldwide Holdings Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HLT | CALL | SWEEP | BEARISH | 05/17/24 | $39.9 | $38.0 | $38.0 | $175.00 | $129.2K | 30 | 34 |
| HLT | CALL | TRADE | BULLISH | 04/19/24 | $38.1 | $34.9 | $36.96 | $175.00 | $125.6K | 2.8K | 0 |
| HLT | CALL | SWEEP | BULLISH | 04/19/24 | $32.0 | $31.9 | $32.0 | $180.00 | $92.8K | 774 | 29 |
| HLT | CALL | SWEEP | BULLISH | 05/17/24 | $32.2 | $30.0 | $32.2 | $180.00 | $61.1K | 5 | 28 |
| HLT | CALL | TRADE | BEARISH | 04/19/24 | $27.5 | $26.7 | $27.0 | $185.00 | $40.5K | 670 | 17 |
About Hilton Worldwide Holdings
Hilton Worldwide Holdings operates nearly 1.2 million rooms across its 22 brands serving the premium economy scale through luxury segments. Hampton and Hilton are the two largest brands, representing 28% and 19%, respectively, of the company's total rooms, as of Dec. 31, 2023. Recent brands launched over the last few years include Home2, Curio, Canopy, Spark, Tru, Tempo, and LivSmart, as well as a partnership with Small Luxury Hotels. Managed and franchised hotels represent the vast majority of adjusted EBITDA, predominantly from the Americas regions.
Following our analysis of the options activities associated with Hilton Worldwide Holdings, we pivot to a closer look at the company's own performance.
Where Is Hilton Worldwide Holdings Standing Right Now?
- Trading volume stands at 1,266,901, with HLT's price up by 0.56%, positioned at $210.76.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 13 days.
Professional Analyst Ratings for Hilton Worldwide Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $224.4.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Hilton Worldwide Holdings with a target price of $210.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for Hilton Worldwide Holdings, targeting a price of $230.
- An analyst from B of A Securities has decided to maintain their Buy rating on Hilton Worldwide Holdings, which currently sits at a price target of $225.
- An analyst from Mizuho downgraded its action to Buy with a price target of $245.
- Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Hilton Worldwide Holdings, targeting a price of $212.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hilton Worldwide Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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