OMERS ADMINISTRATION Corp Acquires 2,476 Shares of Hilton Worldwide Holdings Inc. $HLT

OMERS ADMINISTRATION Corp increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 27.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 11,620 shares of the company’s stock after purchasing an additional 2,476 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Hilton Worldwide were worth $3,533,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in Hilton Worldwide during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC increased its stake in shares of Hilton Worldwide by 163.2% in the first quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after buying an additional 62 shares during the period. ST Germain D J Co. Inc. bought a new position in shares of Hilton Worldwide during the fourth quarter worth about $33,000. Meeder Asset Management Inc. lifted its stake in shares of Hilton Worldwide by 70.1% in the first quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock worth $35,000 after acquiring an additional 47 shares during the period. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Hilton Worldwide in the fourth quarter worth approximately $43,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Up 1.6%

Hilton Worldwide stock opened at $330.33 on Tuesday. The company has a market capitalization of $75.20 billion, a PE ratio of 50.43, a PEG ratio of 2.75 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The firm’s fifty day moving average is $334.05 and its 200 day moving average is $318.51.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.03. Hilton Worldwide had a net margin of 12.56% and a negative return on equity of 38.21%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 9.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HLT shares. Mizuho raised their price target on shares of Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. BMO Capital Markets upped their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Truist Financial boosted their target price on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Finally, Macquarie Infrastructure increased their price target on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.36.

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.