Envestnet Portfolio Solutions Inc. Sells 1,698 Shares of Hilton Worldwide Holdings Inc. $HLT

Envestnet Portfolio Solutions Inc. decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,685 shares of the company’s stock after selling 1,698 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Hilton Worldwide were worth $1,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HLT. Parkside Financial Bank & Trust increased its stake in Hilton Worldwide by 29.7% in the third quarter. Parkside Financial Bank & Trust now owns 725 shares of the company’s stock valued at $188,000 after acquiring an additional 166 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $710,000. Joel Isaacson & Co. LLC raised its holdings in shares of Hilton Worldwide by 11.1% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 920 shares of the company’s stock worth $239,000 after buying an additional 92 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Hilton Worldwide in the third quarter valued at about $92,000. Finally, Arkadios Wealth Advisors grew its position in Hilton Worldwide by 48.7% in the third quarter. Arkadios Wealth Advisors now owns 12,709 shares of the company’s stock valued at $3,297,000 after acquiring an additional 4,163 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 0.4%

HLT stock opened at $296.03 on Wednesday. The firm has a market cap of $68.81 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 2.53 and a beta of 1.15. The company’s fifty day simple moving average is $287.71 and its 200 day simple moving average is $274.83. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $306.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HLT shares. Barclays raised their price target on shares of Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Sanford C. Bernstein increased their target price on Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Macquarie boosted their price target on Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. HSBC boosted 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, January 23rd. Finally, Jefferies Financial Group raised their price target on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently 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.