30,037 Shares in Hilton Worldwide Holdings Inc. $HLT Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 30,037 shares of the company’s stock, valued at approximately $7,793,000.

Several other institutional investors have also made changes to their positions in HLT. Clearstead Trust LLC bought a new position in Hilton Worldwide during the second quarter worth about $30,000. Sagard Holdings Management Inc. acquired a new position in shares of Hilton Worldwide in the 2nd quarter worth approximately $30,000. Bank of Jackson Hole Trust lifted its position in shares of Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after buying an additional 73 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in Hilton Worldwide by 52.9% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after buying an additional 45 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Hilton Worldwide by 59.8% in the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after acquiring an additional 52 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

HLT stock opened at $298.02 on Friday. The company has a 50 day moving average price of $286.54 and a 200 day moving average price of $274.53. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $306.28. The stock has a market capitalization of $69.27 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 42.78% and a net margin of 14.19%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI lifted their price objective on Hilton Worldwide from $280.00 to $325.00 and gave the company an “in-line” rating in a report on Thursday. The Goldman Sachs Group upgraded shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $285.00 to $317.00 in a research report on Monday, December 15th. BMO Capital Markets lifted their target price on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Truist Financial increased their price target on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Finally, Barclays lifted their price objective on Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.33.

Hilton Worldwide Company 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.