Renaissance Technologies LLC cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 60.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,550 shares of the company’s stock after selling 194,510 shares during the period. Renaissance Technologies LLC’s holdings in Hilton Worldwide were worth $39,089,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC grew its position in Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after acquiring an additional 465 shares during the last quarter. Empowered Funds LLC raised its position in Hilton Worldwide by 37.4% in the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after purchasing an additional 1,669 shares during the last quarter. Woodline Partners LP boosted its stake in Hilton Worldwide by 38.8% in the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after purchasing an additional 5,687 shares in the last quarter. Intech Investment Management LLC boosted its stake in Hilton Worldwide by 112.4% in the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after purchasing an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Hilton Worldwide by 182.2% during the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.6%
Shares of NYSE:HLT opened at $330.33 on Tuesday. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The stock has a market capitalization of $75.20 billion, a P/E ratio of 50.43, a P/E/G ratio of 2.75 and a beta of 1.05. The business has a 50-day moving average price of $334.05 and a two-hundred day moving average price of $318.51.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on HLT. UBS Group raised their target price on Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley increased their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $376.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays upped their target price on shares of Hilton Worldwide from $365.00 to $367.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.36.
Read Our Latest Report on Hilton Worldwide
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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