Federated Hermes Inc. Grows Stock Holdings in Hilton Worldwide Holdings Inc. $HLT

Federated Hermes Inc. lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 183.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,297 shares of the company’s stock after purchasing an additional 143,938 shares during the period. Federated Hermes Inc.’s holdings in Hilton Worldwide were worth $57,673,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HLT. Phoenix Financial Ltd. grew its position in shares of Hilton Worldwide by 8.8% in the 3rd quarter. Phoenix Financial Ltd. now owns 7,168 shares of the company’s stock worth $1,860,000 after buying an additional 577 shares during the last quarter. Stonegate Investment Group LLC raised its holdings in shares of Hilton Worldwide by 11.0% during the third quarter. Stonegate Investment Group LLC now owns 1,278 shares of the company’s stock valued at $332,000 after acquiring an additional 127 shares in the last quarter. EFG Asset Management North America Corp. lifted its stake in Hilton Worldwide by 35.4% in the third quarter. EFG Asset Management North America Corp. now owns 26,904 shares of the company’s stock worth $6,978,000 after acquiring an additional 7,030 shares during the period. Bank of Jackson Hole Trust boosted its holdings in Hilton Worldwide by 51.6% in the third quarter. Bank of Jackson Hole Trust now owns 194 shares of the company’s stock valued at $50,000 after acquiring an additional 66 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Hilton Worldwide by 7.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,570 shares of the company’s stock valued at $7,673,000 after purchasing an additional 2,111 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT stock opened at $299.23 on Friday. The firm has a 50 day moving average price of $289.00 and a 200-day moving average price of $275.14. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $306.28. The firm has a market capitalization of $69.55 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 2.52 and a beta of 1.15.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Truist Financial increased their price target on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein lifted their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday, December 29th. Finally, HSBC increased their target price on Hilton Worldwide from $307.00 to $319.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.33.

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.