Resona Asset Management Co. Ltd. Has $19.85 Million Stock Holdings in Hilton Worldwide Holdings Inc. $HLT

Resona Asset Management Co. Ltd. reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,385 shares of the company’s stock after selling 4,305 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Hilton Worldwide were worth $19,854,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Hilton Worldwide by 25.6% during the first 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 increased its stake in shares of Hilton Worldwide by 37.4% during the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after purchasing an additional 1,669 shares during the period. Woodline Partners LP lifted its holdings in Hilton Worldwide by 38.8% during the 1st 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 during the last quarter. Intech Investment Management LLC grew its holdings in Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after buying an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Hilton Worldwide by 182.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 0.7%

HLT opened at $298.02 on Friday. The company has a market cap of $69.27 billion, a P/E ratio of 43.13, a PEG ratio of 2.54 and a beta of 1.15. The company’s 50 day moving average is $286.54 and its 200-day moving average is $274.54. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $306.28.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 EPS for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $3.01 billion. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HLT shares. BMO Capital Markets upped their price target 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. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Sanford C. Bernstein raised their price objective on Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research report on Monday, December 29th. Finally, Morgan Stanley lifted 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 investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $297.33.

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.