First Trust Advisors LP lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 49.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,483 shares of the company’s stock after purchasing an additional 41,371 shares during the period. First Trust Advisors LP’s holdings in Hilton Worldwide were worth $38,157,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Hilton Worldwide during the fourth quarter worth about $803,047,000. Two Sigma Investments LP boosted its stake in Hilton Worldwide by 1,222.9% in the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after acquiring an additional 758,930 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Hilton Worldwide by 126.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock valued at $303,173,000 after acquiring an additional 635,220 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after acquiring an additional 475,896 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Hilton Worldwide by 522.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 530,727 shares of the company’s stock worth $161,383,000 after purchasing an additional 445,414 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $330.33 on Tuesday. The stock has a market capitalization of $75.20 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.75 and a beta of 1.05. The company’s fifty day simple moving average is $334.05 and its two-hundred day simple moving average is $318.51. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Sanford C. Bernstein dropped their price objective on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Macquarie Infrastructure upped their price target on Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Bank of America increased their price target on Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Finally, Evercore upgraded Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $350.36.
View Our Latest Research Report on Hilton Worldwide
About Hilton Worldwide
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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