Bank of New York Mellon Corp Has $355.46 Million Stock Position in Hilton Worldwide Holdings Inc. $HLT

Bank of New York Mellon Corp lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,370,093 shares of the company’s stock after selling 29,044 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hilton Worldwide were worth $355,457,000 at the end of the most recent quarter.

A number of 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 holdings in Hilton Worldwide by 1.2% during the 3rd 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 last quarter. Benjamin Edwards Inc. grew its position in shares of 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 buying an additional 39 shares during the period. Relyea Zuckerberg Hanson LLC raised its stake in shares of Hilton Worldwide by 2.8% during the second 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 last quarter. State of Wyoming lifted its holdings 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 during the period. Finally, CVA Family Office LLC boosted its stake in Hilton Worldwide by 10.3% in the second quarter. CVA Family Office LLC now owns 439 shares of the company’s stock valued at $117,000 after acquiring an additional 41 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna upped their target price on shares of Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Truist Financial increased their target price on Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Barclays boosted their target price on Hilton Worldwide from $297.00 to $309.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. TD Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, October 28th. Finally, 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 report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.33.

Hilton Worldwide Price Performance

NYSE:HLT opened at $299.23 on Friday. The business’s 50-day simple moving average is $289.00 and its 200-day simple moving average is $275.14. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $306.28. The stock has a market capitalization of $69.55 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

Hilton Worldwide 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.