Rakuten Investment Management Inc. Takes Position in Hilton Worldwide Holdings Inc. $HLT

Rakuten Investment Management Inc. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,825 shares of the company’s stock, valued at approximately $710,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Hilton Worldwide by 25.6% during the first 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 lifted its position in shares of Hilton Worldwide by 37.4% during the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after buying an additional 1,669 shares during the period. Woodline Partners LP boosted its stake in Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after buying an additional 5,687 shares in the last quarter. Intech Investment Management LLC grew 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 valued at $1,247,000 after acquiring an additional 2,899 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Hilton Worldwide by 182.2% during the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.7%

NYSE:HLT opened at $298.02 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $306.28. The stock’s fifty day simple moving average is $286.54 and its 200-day simple moving average is $274.54. The firm has a market capitalization of $69.27 billion, a P/E ratio of 43.13, a P/E/G ratio of 2.54 and a beta of 1.15.

Hilton Worldwide (NYSE:HLT) last released its earnings results 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 negative return on equity of 42.78% and a net margin of 14.19%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on HLT. HSBC upped their target price on shares of Hilton Worldwide from $307.00 to $319.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial upped their price objective on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Morgan Stanley lifted their target price 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. Evercore ISI increased their price target on Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised Hilton Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the company from $285.00 to $317.00 in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus target price 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.