Rakuten Investment Management Inc. Invests $710,000 in Hilton Worldwide Holdings Inc. $HLT

Rakuten Investment Management Inc. 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 2,825 shares of the company’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA raised its position in shares of Hilton Worldwide by 1.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock worth $850,000 after purchasing an additional 38 shares during the period. Benjamin Edwards Inc. increased its stake in Hilton Worldwide by 1.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock worth $680,000 after purchasing an additional 39 shares in the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in Hilton Worldwide by 2.8% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company’s stock worth $385,000 after buying an additional 40 shares during the period. State of Wyoming lifted its stake in Hilton Worldwide by 2.7% in the second quarter. State of Wyoming now owns 1,549 shares of the company’s stock valued at $413,000 after buying an additional 40 shares in the last quarter. Finally, Sage Rhino Capital LLC boosted its holdings in shares of Hilton Worldwide by 4.4% in the second quarter. Sage Rhino Capital LLC now owns 963 shares of the company’s stock valued at $256,000 after buying an additional 41 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. HSBC upped their price objective on Hilton Worldwide from $307.00 to $319.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen reissued a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, October 28th. Finally, Evercore ISI upped 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $297.33.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $298.02 on Friday. The stock has a 50 day moving average price of $286.54 and a 200 day moving average price of $274.54. The stock has a market capitalization of $69.27 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $306.28.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

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.