EFG Asset Management North America Corp. Raises Holdings in Hilton Worldwide Holdings Inc. $HLT

EFG Asset Management North America Corp. boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 35.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,904 shares of the company’s stock after purchasing an additional 7,030 shares during the period. Hilton Worldwide comprises 0.9% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 20th largest position. EFG Asset Management North America Corp.’s holdings in Hilton Worldwide were worth $6,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of Jackson Hole Trust increased its stake in shares of Hilton Worldwide by 51.6% in the third quarter. Bank of Jackson Hole Trust now owns 194 shares of the company’s stock worth $50,000 after buying an additional 66 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Hilton Worldwide by 7.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,570 shares of the company’s stock worth $7,673,000 after acquiring an additional 2,111 shares during the last quarter. Savoir Faire Capital Management L.P. increased its position in shares of Hilton Worldwide by 2.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 12,466 shares of the company’s stock valued at $3,234,000 after acquiring an additional 256 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Hilton Worldwide by 17.8% during the third quarter. Mutual of America Capital Management LLC now owns 36,146 shares of the company’s stock valued at $9,378,000 after acquiring an additional 5,465 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Hilton Worldwide by 2.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,045 shares of the company’s stock worth $787,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

NYSE:HLT opened at $297.00 on Tuesday. The firm’s 50-day moving average price is $287.16 and its 200-day moving average price is $274.70. The company has a market capitalization of $69.03 billion, a PE ratio of 42.98, a P/E/G ratio of 2.54 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $306.28.

Analyst Ratings Changes

A number of research analysts have commented on HLT shares. Robert W. Baird lowered their price target on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Wells Fargo & Company upped their target price on Hilton Worldwide from $332.00 to $338.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Truist Financial raised their price target on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $280.00 to $325.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Finally, Barclays raised their target price on shares of Hilton Worldwide from $297.00 to $309.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. 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. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus price target 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.