Hilton Worldwide Holdings Inc. $HLT Holdings Decreased by Strs Ohio

Strs Ohio trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287,619 shares of the company’s stock after selling 87,556 shares during the quarter. Strs Ohio owned about 0.12% of Hilton Worldwide worth $74,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares in the last quarter. Empowered Funds LLC boosted its stake in Hilton Worldwide by 37.4% during the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after buying an additional 1,669 shares in the last quarter. Woodline Partners LP grew its holdings in Hilton Worldwide by 38.8% during the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after acquiring an additional 5,687 shares during the period. Intech Investment Management LLC raised its position 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 acquiring an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Hilton Worldwide by 182.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Jefferies Financial Group raised their price objective on Hilton Worldwide from $322.00 to $339.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Evercore ISI boosted their target price on Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research report on Thursday. The Goldman Sachs Group upgraded Hilton Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the company from $285.00 to $317.00 in a research report on Monday, December 15th. Finally, Morgan Stanley upped their price objective on shares of Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $296.06.

Hilton Worldwide Trading Down 0.2%

HLT opened at $295.87 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $306.28. The stock has a fifty day moving average price of $285.96 and a 200 day moving average price of $274.34. The stock has a market cap of $68.77 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 2.52 and a beta of 1.15.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $3.01 billion. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

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.