Candriam S.C.A. Boosts Stock Holdings in Hilton Worldwide Holdings Inc. $HLT

Candriam S.C.A. boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,823 shares of the company’s stock after purchasing an additional 7,441 shares during the quarter. Candriam S.C.A.’s holdings in Hilton Worldwide were worth $19,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HLT. Clearstead Trust LLC purchased a new position in Hilton Worldwide during the 2nd quarter valued at approximately $30,000. Sagard Holdings Management Inc. purchased a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $30,000. Bank of Jackson Hole Trust boosted 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 valued at $34,000 after acquiring an additional 73 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after purchasing an additional 45 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased 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 worth $37,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HLT shares. Macquarie Infrastructure lifted their price objective on shares of Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Barclays increased their price target on shares of Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a report on Friday, January 16th. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $288.00 to $318.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. Finally, The Goldman Sachs Group lifted their target price on Hilton Worldwide from $317.00 to $330.00 in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $306.39.

Hilton Worldwide Stock Performance

HLT opened at $313.87 on Tuesday. The stock’s 50 day moving average price is $292.57 and its 200-day moving average price is $276.91. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $314.96. The stock has a market cap of $72.95 billion, a price-to-earnings ratio of 45.42, a P/E/G ratio of 2.66 and a beta of 1.13.

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.