La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Hilton Worldwide Holdings a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Hilton Worldwide Holdings..

Hilton Worldwide Holdings (NYSE:HLT) Azioni, Catena delle Opzioni

Hilton Worldwide Holdings

Hilton Worldwide Holdings operates 1.2 million rooms across its more than 20 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 and acquisitions of Nomad and Graduate Hotels. Managed and franchised hotels represent the vast majority of adjusted EBITDA, predominantly from the Americas regions.

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Wells Fargo analyst Daniel Politzer maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Equal-Weight and raises the price target from $200 to $237.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Hilton Worldwide Holdings, Raises Price Target to $237

Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Hilton Worldwide Holdings will report an earnings per share (EPS) of $1.85.
Investors in Hilton Worldwide Holdings are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.06 in the last quarter, leading to a 0.75% increase in the share price on the following day.
Here's a look at Hilton Worldwide Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.85</td>
<td>1.42</td>
<td>1.57</td>
<td>1.67</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.91</td>
<td>1.53</td>
<td>1.68</td>
<td>1.67</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729609371_0_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/HLT/earnings">To track all earnings releases for Hilton Worldwide Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Hilton Worldwide Holdings's Earnings: A Preview

B of A Securities analyst Shaun Kelley maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Buy and raises the price target from $230 to $265.

B of A Securities Maintains Buy on Hilton Worldwide Holdings, Raises Price Target to $265

Melius Research analyst Conor Cunningham downgrades Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) from Buy to Hold.

Downgrades

Melius Research Downgrades Hilton Worldwide Holdings to Hold

Evercore ISI Group analyst Duane Pfenningwerth maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a In-Line and raises the price target from $210 to $240.

Evercore ISI Group Maintains In-Line on Hilton Worldwide Holdings, Raises Price Target to $240

Barclays analyst Brandt Montour maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Overweight and raises the price target from $224 to $244.

Barclays Maintains Overweight on Hilton Worldwide Holdings, Raises Price Target to $244

Investors with a lot of money to spend have taken a bearish stance on Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HLT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Hilton Worldwide Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $140,860, and 6 are calls, for a total amount of $734,796.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $240.0 for Hilton Worldwide Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hilton Worldwide Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hilton Worldwide Holdings's substantial trades, within a strike price spectrum from $200.0 to $240.0 over the preceding 30 days.
<h3>Hilton Worldwide Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728938734_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HLT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$13.7</td>
<td>$12.3</td>
<td>$13.0</td>
<td>$230.00</td>
<td>$497.6K</td>
<td style="text-align: right;">78</td>
<td style="text-align: right;">401</td>
</tr>
<tr>
<td>HLT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.4</td>
<td>$49.1</td>
<td>$50.23</td>
<td>$210.00</td>
<td>$100.4K</td>
<td style="text-align: right;">251</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>HLT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$18.7</td>
<td>$18.1</td>
<td>$18.1</td>
<td>$220.00</td>
<td>$45.2K</td>
<td style="text-align: right;">650</td>
<td style="text-align: right;">37</td>
</tr>
<tr>
<td>HLT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.2</td>
<td>$4.1</td>
<td>$4.19</td>
<td>$230.00</td>
<td>$43.6K</td>
<td style="text-align: right;">577</td>
<td style="text-align: right;">231</td>
</tr>
<tr>
<td>HLT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$38.9</td>
<td>$37.5</td>
<td>$37.5</td>
<td>$200.00</td>
<td>$37.5K</td>
<td style="text-align: right;">115</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Hilton Worldwide Holdings</h3>
Hilton Worldwide Holdings operates 1.2 million rooms across its more than 20 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 and acquisitions of Nomad and Graduate Hotels. Managed and franchised hotels represent the vast majority of adjusted EBITDA, predominantly from the Americas regions.
Having examined the options trading patterns of Hilton Worldwide Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Hilton Worldwide Holdings Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,027,306, the price of HLT is down by -0.16%, reaching $237.76.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 9 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Hilton Worldwide Holdings</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $245.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $245. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Hilton Worldwide Holdings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

This Is What Whales Are Betting On Hilton Worldwide Holdings

Hilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) hotel workers running into the hundreds at Seattle airport hotels walked off the job on Saturday, calling for higher wages and reversal of COVID-era cuts, the Unite Here union said in a statement on Saturday. 
What Happened: &#8220;The weeklong strikes by 374 workers at the DoubleTree by Hilton Hotel Seattle Airport and Hilton Seattle Airport &amp; Conference Center will last until the early hours of October 19, while strikes in Boston, Honolulu, and San Francisco will continue until workers have won their contracts,&#8221; the union said. 
According to the union, 4,375 hotel workers are currently on strike at Hilton, Hyatt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), and Marriott hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) in Borton, Honolulu, San Francisco, and Seattle.
"Hotel workers are tired of working long hours while barely getting by. Hotel workers keep walking out on strike because hotel corporations like Hilton can afford to raise wages," said&nbsp;the International President of the union Gwen Mills. The striking hotel workers include housekeepers, front desk agents, cooks, dishwashers, servers, bartenders, and bellhops. 
Hilton did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga</a>&#8216;s request for comment. 
Why It Matters: Over 10,000 workers went on strike across the U.S. on Labor Day weekend after <a href="https://www.benzinga.com/top-stories/24/07/39934387/whats-going-on-with-hilton-marriott-and-hyatt-hotel-stocks-today">months of contract negotiations</a> yielded no positive outcomes in their favor. Most of the strikes ended after 2-3 days but more strikes followed. 
&#8220;Hotel workers in Greenwich and New Haven, Conn., Providence, R.I., and San Diego, Calif., have recently ratified new union contracts that include wage increases and affordable health care, but the union cautions that strike issues are unresolved in most cities,&#8221; it said. 
The Union also urged travelers not to avail themselves of facilities provided by hotels where workers are on strike while noting that services were disrupted in several of them owing to the strike.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo via Shutterstock

Restaurants

Hundreds Of Hilton Hotel Workers Strike At Seattle Airport, Demand Higher Wages And Reversal Of COVID-Era Cuts

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TNLIF

TRIP

ULCC

VLRS

Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after a report suggesting Iran could be preparing to attack Israel. This could negatively impact travel demand.

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Goldman Sachs analyst Lizzie Dove initiates coverage on Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Buy rating and announces Price Target of $245.

Initiation

Goldman Sachs Initiates Coverage On Hilton Worldwide Holdings with Buy Rating, Announces Price Target of $245

Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Hilton Worldwide</h3>
<ul>
<li>The Trade: Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) Director Judith McHale <a href="https://www.benzinga.com/quote/ONEW/analyst-ratings">acquired a total of 4,750 shares at</a> an average price of $210.81. To acquire these shares, it cost around $1 million.</li>
<li>What's Happening: On Sept. 5, Hilton announced the pricing of senior notes offering.</li>
<li>What Hilton Worldwide Does: Hilton Worldwide Holdings operates 1.2 million rooms across its more than 20 brands serving the premium economy scale through luxury segments.</li>
</ul>
<h3 class="wp-block-heading">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. acquired a total of 770,000 shares at an average price of $31.98. To acquire these shares, it cost around $24.6 million.</li>
<li>What's Happening: PBF Energy will release its earnings results for the third quarter 2024 on Thursday, Oct. 31.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.</li>
</ul>
<h3 class="wp-block-heading">Mercer International</h3>
<ul>
<li>The Trade: Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) Director Janine North <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 2,000 shares</a> at an average price of $6.04. To acquire these shares, it cost around $12,080.</li>
<li>What's Happening: On Aug. 8, Mercer Intl posted upbeat quarterly sales.</li>
<li>What Mercer International Does: Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. </li>
</ul>
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MERC

More Than $24M Bet On This Energy Stock? Check Out These 3 Stocks Executives Are Buying

Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) reported mixed second-quarter fiscal 2024 (ended July 31, 2024) results, wherein earnings surpassed the Zacks Consensus Estimate but sales missed the same. Following the results, the company&#39;s shares lost 9.3% on Sept. 09.
On a year-over-year basis, the top and the bottom lines increased. This was primarily driven by higher factory output and improved operating efficiencies. A large counter-seasonal disaster recovery order also contributed to the positive results. This order is now blending into the company&#39;s usual seasonal delivery pattern, which peaks during the second and third quarters when schools are closed.
Although order rates declined slightly with the progress of summer, Shipments plus Backlog remained higher compared to last year. The company is confident in its ability to adapt to these changes. Its strong financial position supports the ongoing investments in new manufacturing equipment and service expansions. VIRC is well-positioned to seize unexpected opportunities as the market adjusts to a new post-pandemic phase.
Going forward, the company aims to seek potential acquisition opportunities to expand and strengthen its current business capabilities. Also, along with driving its prospects, Virco expects to add shareholder value through quarterly dividends and share repurchases.
<h2>Delving Deeper</h2>
The company reported adjusted earnings of $1.04 per share, which surpassed the Zacks Consensus Estimate of $1.00 by 4%. In the last reported quarter, it reported adjusted earnings of 95 cents per share.
<div class="chart_embed">
<h3>Virco Manufacturing Corporation Price, Consensus and EPS Surprise</h3>
<img alt="Virco Manufacturing Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b9/1725964901.png" style="height:265px; width:577px" title="" />
Virco Manufacturing Corporation price-consensus-eps-surprise-chart | Virco Manufacturing Corporation Quote
Net sales of $108.4 million missed the consensus mark of $115.9 million by 6.5% but grew 1% from the prior-year quarter&#39;s level.
</div>
<h2>Operating Highlights</h2>
During the fiscal second quarter, Virco&#39;s gross profit increased 3.4% year over year to $50.2 million. The gross margin expanded 100 basis points (bps) to 46.3% from 45.3% a year ago.
Selling, general and administrative expenses, as a percentage of sales, increased 60 bps to 26.1% from 25.5% reported a year ago. The uptick in operating expenses stemmed from a modest increase in full-service orders and the associated installation costs.
The company reported an operating profit of $21.9 million compared with $21.2 million in the prior-year quarter.
<h2>Financials</h2>
At the end of the fiscal second-quarter, Virco had cash of $0.8 million, down from $5.3 million at fiscal 2023-end. As of July 31, long-term debt (less current portion) was $4 million, slightly down from $4.1 million at fiscal 2023-end.
At the end of second-quarter fiscal 2024, the company&#39;s inventory came in at $58.6 million, slightly up from $58.4 million in the year-ago period.
<h2>VIRC&#39;s Zacks Rank</h2>
Virco currently carries a Zacks Rank #3 (Hold).
<h2>Recent Consumer Discretionary Releases</h2>
PENN Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/penn#NASDAQ">PENN</a>) reported a narrower-than-expected loss in second-quarter 2024. The company&#39;s bottom and top lines surpassed the Zacks Consensus Estimate but declined on a year-over-year basis. PENN&#39;s quarterly results were hampered by disappointing performances of its South and Interactive segments.
However, top-of-funnel growth improvement, better risk management and enhanced promotional strategies led to stronger-than-expected revenues and adjusted EBITDA in the Interactive segment. PENN continues to focus on database growth and customer engagement through the use of latest technology, ongoing investments in gaming and non-gaming areas and partnerships in food and beverage.
Choice Hotels International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chh#NYSE">CHH</a>) delivered drab second-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. Nevertheless, both metrics increased on a year-over-year basis.
The results were backed by strong demand trends across the company&#39;s diversified portfolio of brands. This uptrend in demand aided in accelerating global hotel openings, expanding international market reach and increasing the size of its reward program. CHH&#39;s versatile business model and accretive growth strategies ensure the support required to foster its growth trends.
Hilton Worldwide Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlt#NYSE">HLT</a>) reported mixed second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same. Both metrics increased year over year.
The company&#39;s performance was backed by notable improvements in revenue per available room, attributed to higher occupancy rates and average daily rates. As of June 30, 2024, Hilton&#39;s development pipeline comprised nearly 3,370 hotels, with almost 508,300 rooms across 136 countries and territories. For 2024, HLT expects net unit growth to be in the range of 7-7.5%.
<a href="https://www.zacks.com/stock/news/2334038/virco-s-q2-earnings-beat-estimates-revenues-miss-stock-falls?cid=CS-BENZ-FT-analyst_blog|earnings_article-2334038">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

Mid Cap

Dividends

Small Cap

Trading Ideas

PENN

VIRC

Virco's Q2 Earnings Beat Estimates, Revenues Miss, Stock Falls

Offerings

Hilton's Indirect Subsidiary Intends To Offer $1B Of The Issuer's Senior Notes Due 2033

Bill Ackman, <a href="https://www.benzinga.com/topic/bill-ackman">the visionary leader </a>of Pershing Square Capital Management, is making headlines in the financial world with a potential strategic shift from a U.S. closed-end fund IPO to the potential launch of <a href="https://www.benzinga.com/topic/pershing-square">a Pershing Square</a> Exchange-Traded Fund (ETF).
The development was <a href="https://www.msn.com/en-gb/money/other/ackman-may-launch-pershing-square-etf/vi-AA1psU4Q?ocid=socialshare">reported</a> by Bloomberg&#8217;s Eric Balchunas and Katie Greifeld, who detailed Ackman&#8217;s potential shift from a closed-end fund IPO to launching a Pershing Square ETF.
This move comes on the heels of his decision to <a href="https://www.benzinga.com/news/24/07/40082441/bill-ackman-hits-pause-on-pershing-square-ipo-after-investors-hesitate">pull the planned IPO</a>, a shift that could redefine how investors access his high-profile investment strategies.
<h2 class="wp-block-heading">From Closed-End Fund To ETF: What's Behind The Shift?</h2>
Ackman had initially set the stage for a closed-end fund, a traditional investment vehicle known for its potential to trade at significant premiums or discounts to its net asset value (NAV). 
However, considering the current volatility in the IPO market and shifting investor preferences, Ackman is reportedly exploring a more flexible and accessible ETF structure.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40147389/bill-ackmans-pershing-square-sinks-4-7-in-july-dashing-2024-gains">Bill Ackman&#8217;s Pershing Square Sinks 4.7% In July, Dashing 2024 Gains</a>
<h2 class="wp-block-heading">Why An ETF Might Be The Game-Changer</h2>
<ol>
<li>Increased Accessibility and Liquidity: Unlike closed-end funds, ETFs are traded throughout the day like stocks and typically trade close to their NAV due to an in-built arbitrage mechanism. This could attract a broader range of investors, from retail to institutional, enhancing liquidity and transparency.</li>
<li>Cost and Tax Efficiency: ETFs generally boast lower fees and greater tax efficiency compared to closed-end funds. This could be a significant draw for investors looking to benefit from Ackman's investment prowess without the higher costs associated with traditional closed-end funds.</li>
<li>Modern Investment Trends: The ETF market has surged in recent years, driven by demand for liquid, cost-effective, and transparent investment options. Ackman's potential ETF could tap into this trend, aligning Pershing Square with the preferences of today's investors.</li>
</ol>
<h2 class="wp-block-heading">Implications For Investors</h2>
For investors, the prospect of a Pershing Square ETF presents an exciting opportunity to gain exposure to Ackman's concentrated investment strategies.
As of the second quarter this year, Ackman&#8217;s Pershing Square Capital hedge fund was focused on 10 holdings, <a href="https://whalewisdom.com/filer/pershing-square-capital-management-l-p">including</a>:
<ul>
<li>Hilton Worldwide Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) &#8211; 18.50%</li>
<li>Chipotle Mexican Grill, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) &#8211; 20.10%</li>
<li>Restaurant Brands International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) &#8211; 16.65%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) &#8211; 13.11%</li>
<li>Canadian Pacific Railway Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) &#8211; 11.16%</li>
<li>Howard Hughes Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HHH#NYSE">HHH</a>) &#8211; 11.13%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) &#8211; 6.88%</li>
<li>Brookfield Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>) &#8211; 2.70%</li>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) &#8211; 2.17%</li>
<li>Seaport Entertainment Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEG#NYSE">SEG</a>) &#8211; 0.62%</li>
</ul>
An ETF could surely offer diversification, tax advantages, and access to a high-profile manager's stock picks. However, potential investors should weigh these benefits against the inherent risks of actively managed funds.
As the ETF market continues to grow, Ackman's potential shift to this vehicle could position Pershing Square at the forefront of modern investing trends.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40576919/goldman-sachs-lowers-oil-price-forecasts-says-us-supply-beating-expectations-downpl">Goldman Sachs Lowers Oil Price Forecasts, Says US Supply &#8216;Beating Expectations,&#8217; Downplays Libya Output Disruptions</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

Specialty ETFs

Hedge Funds

ETFs

GOOG

GOOGL

Bill Ackman Weighs Pivot To ETF After Abandoning Closed-End Fund IPO: Report

Billionaire hedge fund manager Bill Ackman strategically reduced his stake in Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) just before the restaurant <a href="https://www.benzinga.com/news/24/08/40347476/ceo-switch-wipes-7b-off-chipotles-market-cap-adds-15b-to-starbucks">chain's recent stock selloff and CEO departure. </a>
Ackman&#8217;s move comes at a critical juncture, suggesting his knowledge of Chipotle&#8217;s business dynamics gave him an edge over the broader market. 
What Happened: The restaurant chain, known for its burritos, is witnessing the worst quarter in more than four years.
Since July 1, Chipotle's share price has declined by 17%, setting it on course for its worst quarter since the first quarter of 2020, when it fell 22%.
Despite Chipotle reporting stronger-than-expected revenue and earnings last quarter, the market's reaction to the results was negative, with the stock falling 1.9% on the day after as the company's management chose to hold steady its annual guidance and signaled potential near-term pressures on margins.
On Aug. 13, the <a href="https://www.benzinga.com/markets/equities/24/08/40338228/starbucks-appoints-chipotle-mexican-grill-veteran-as-new-ceo-stock-soars">restaurant chain took a significant hit,</a> plunging 7.5% — its worst single-day drop in over a year —following the announcement that Brian Niccol, the CEO credited with much of Chipotle's recent success, would be leaving to take the helm at Starbucks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>).
Chipotle's Chief Operating Officer Scott Boatwright was named Interim CEO.
Ackman Adjusts: According to the latest 13F filings, Ackman's Pershing Square Capital Management, L.P. sold 8.38 million shares of Chipotle during the second quarter of 2024. That&#8217;s a 23% reduction in his overall position compared to the end of the first quarter.
The shares were sold at an average price of $60.40, locking in substantial gains <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40167312/us-stocks-trim-black-mondays-drops-as-services-gauge-expands-bond-gains-stall-as-traders-r">before the market downturn</a>. Chipotle shares delivered a robust year-to-date performance of 37% through the end of June. It marked seven consecutive months of gains until April.
Ackman first invested in Chipotle back in 2016. He acquired a $234.8 million stake that represented 4.3% of his overall portfolio at the time. Since then, he steadily increased his position. This culminated in a $2.1 billion stake at the end of the first quarter 2024. Chipotle remained his largest holding until it was overtaken by Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>). 
Chipotle&#8217;s weight in Pershing Square&#8217;s portfolio decreased from 20.1% to 17.33% between the first two quarters of 2024.
The timing of this adjustment proved to be impeccable, as the restaurant chain's stock has since experienced a notable decline
Still, the average purchase price of all Chipotle shares owned by Pershing Square is $8.72. When compared to the current market price of $52, the return on investment has been nearly 500%. 
Read Next:
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</ul>

Equities

SBUX

Bill Ackman Cuts Chipotle Stake Right Before Stock Drop: Did Billionaire See What The Market Couldn't?

Pershing Square Q2 2024 13F Shows 3,773% Increase In Chipotle Stake; Reduces Holdings In Alphabet, Hilton, And Restaurant Brands; Adds New Positions In Brookfield Corp With 6.85M Shares And Nike With 3.04M Shares

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$200.00</td>
<td>$30.4K</td>
<td>20.0K</td>
<td>149.2K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$75.00</td>
<td>$47.6K</td>
<td>14.8K</td>
<td>2.4K</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$150.00</td>
<td>$38.2K</td>
<td>3.2K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$26.00</td>
<td>$75.0K</td>
<td>1.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$53.0K</td>
<td>665</td>
<td>124</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$185.00</td>
<td>$28.0K</td>
<td>3.4K</td>
<td>102</td>
</tr>
<tr>
<td>AAP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$37.4K</td>
<td>351</td>
<td>23</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$110.00</td>
<td>$25.6K</td>
<td>26</td>
<td>20</td>
</tr>
<tr>
<td>HLT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$52.2K</td>
<td>0</td>
<td>18</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$3700.00</td>
<td>$58.8K</td>
<td>26</td>
<td>2</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 304 contract(s) at a $200.00 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $100.0 per contract. There were 20071 open contracts at this strike prior to today, and today 149262 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option sweep that happens to be bullish, expiring in 42 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $75.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $238.0 per contract. There were 14813 open contracts at this strike prior to today, and today 2475 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 49 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $780.0 per contract. There were 3291 open contracts at this strike prior to today, and today 2296 contract(s) were bought and sold. 
• Regarding SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $75.0K, with a price of $750.0 per contract. There were 1329 open contracts at this strike prior to today, and today 1099 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option sweep with bearish sentiment. It expires in 525 day(s) on January 16, 2026. Parties traded 58 contract(s) at a $50.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $915.0 per contract. There were 665 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be neutral, expiring in 133 day(s) on December 20, 2024. This event was a transfer of 37 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $758.0 per contract. There were 3477 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding AAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), we observe a put option trade with bullish sentiment. It expires in 161 day(s) on January 17, 2025. Parties traded 21 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $37.4K, with a price of $1785.0 per contract. There were 351 open contracts at this strike prior to today, and today 23 contract(s) were bought and sold. 
• For CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we notice a put option sweep that happens to be bearish, expiring in 161 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $110.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $2560.0 per contract. There were 26 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
• For HLT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), we notice a call option trade that happens to be bearish, expiring in 42 day(s) on September 20, 2024. This event was a transfer of 18 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $52.2K, with a price of $2900.0 per contract. There were 0 open contracts at this strike prior to today, and today 18 contract(s) were bought and sold. 
• For BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we notice a put option trade that happens to be neutral, expiring in 70 day(s) on October 18, 2024. This event was a transfer of 2 contract(s) at a $3700.00 strike. The total cost received by the writing party (or parties) was $58.8K, with a price of $29400.0 per contract. There were 26 open contracts at this strike prior to today, and today 2 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

CAVA

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Barclays analyst Brandt Montour maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Overweight and lowers the price target from $228 to $224.

Barclays Maintains Overweight on Hilton Worldwide Holdings, Lowers Price Target to $224

Deutsche Bank analyst Carlo Santarelli maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Hold and lowers the price target from $185 to $181.

Deutsche Bank Maintains Hold on Hilton Worldwide Holdings, Lowers Price Target to $181

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Some hotel workers in Boston and Seattle joined the national labor strike

In a report released today, Stephen Grambling from Morgan Stanley maintained a Buy rating on Hilton Worldwide Holdings (HLT – Research Report), wit...

Morgan Stanley Sticks to Their Buy Rating for Hilton Worldwide Holdings (HLT)

In a report released today, Brandt Montour from Barclays maintained a Buy rating on Hilton Worldwide Holdings (HLT – Research Report), with a price...

Barclays Remains a Buy on Hilton Worldwide Holdings (HLT)

Melius Research downgraded Hilton (HLT) to Hold from Buy. Published first on TheFly – the ultimate source for real-time, market-moving breaking fin...

Hilton downgraded to Hold from Buy at Melius Research

BMO Capital raised the firm's price target on Hilton (HLT) to $230 from $215 and keeps a Market Perform rating on the shares as part of a broader r...

Hilton price target raised to $230 from $215 at BMO Capital

Bank of America Securities analyst Shaun Kelley maintained a Buy rating on Hilton Worldwide Holdings (HLT – Research Report) today. The company's s...

Hilton Worldwide Holdings (HLT) Receives a Buy from Bank of America Securities

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Hilton Worldwide Holdings (HLT – Research R...

Analysts' Opinions Are Mixed on These Consumer Cyclical Stocks: Hilton Worldwide Holdings (HLT) and EVgo (EVGO)

Wells Fargo raised the firm's price target on Hilton (HLT) to $237 from $200 and keeps an Equal Weight rating on the shares. Discussing Q3 for the ...

Hilton price target raised to $237 from $200 at Wells Fargo

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COST

EBAY

EVGO

HSIC

ILMN

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Press Releases

Hilton Reports Second Quarter Results

Hilton Announces Launch of Senior Notes Offering

Hilton Announces Pricing of Senior Notes Offering

Hilton San Francisco Union Square Celebrates Grand Reopening of "Cityscape" Bar

Amidst Ongoing Strikes, UNITE HERE Launches Website with Analysis of Deferred Capital Expenditures (Capex) in the Hotel Industry

Hilton Announces Third Quarter 2024 Earnings Release Date

Hilton Annual Trends Report Predicts 2025 to Be the "Year of the Travel Maximizer"

Taiba Investments and Hilton to Introduce Madinah's First Waldorf Astoria

UNITE HERE Urges Hilton Owners to Evaluate Whether the Brand Provides the Most Value for their Properties

Entertainment

General

'Stay Like' Wicked: Hilton and Universal Pictures Debut One-of-a-Kind Suite Inspired by Characters Elphaba and Glinda from the New Film

Airbnb

Atour Lifestyle Holdings Limited - American Depositary Shares

Atour Lifestyle Holdings

Booking Holdings

Choice Hotels International, Inc. Common Stock

Choice Hotels Intl

Despegar.com

Expedia Group

Global Business Travel Group, Inc. Class A Common Stock

Global Business Travel

GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share

GreenTree Hospitality Gr

Hyatt Hotels Corporation Class A Common Stock

Hyatt Hotels

Hilton Grand Vacations

H World Group Limited - American Depositary Shares

H World Group

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share)

Comments

Hilton Worldwide Holdings

Hilton Worldwide Holdings (HLT) Opzioni

Hilton Worldwide Holdings (NYSE:HLT) Azioni, Catena delle Opzioni

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