Teacher Retirement System of Texas Sells 22,356 Shares of Hilton Worldwide Holdings Inc. $HLT

Teacher Retirement System of Texas lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 37.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,683 shares of the company’s stock after selling 22,356 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hilton Worldwide were worth $9,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. Clearstead Trust LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $30,000. Sagard Holdings Management Inc. bought a new position in Hilton Worldwide during the second quarter worth about $30,000. Bank of Jackson Hole Trust boosted its holdings in Hilton Worldwide by 132.7% during the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after purchasing an additional 73 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Hilton Worldwide by 52.9% in the 3rd 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 during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Hilton Worldwide by 59.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after buying an additional 52 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upped their price target on Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Robert W. Baird lowered their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Morgan Stanley lifted their price target on shares of Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Truist Financial boosted their price target 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. Finally, Evercore ISI upped their price objective on shares of Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and an average target price of $297.33.

Hilton Worldwide Trading Up 0.7%

HLT opened at $298.02 on Monday. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $306.28. The stock has a market capitalization of $69.27 billion, a PE ratio of 43.13, a PEG ratio of 2.54 and a beta of 1.15. The firm has a 50-day moving average price of $286.54 and a two-hundred day moving average price of $274.56.

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.