EFG Asset Management North America Corp. Buys 7,030 Shares of Hilton Worldwide Holdings Inc. $HLT

EFG Asset Management North America Corp. lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 35.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,904 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Hilton Worldwide accounts for approximately 0.9% of EFG Asset Management North America Corp.’s holdings, making the stock its 20th biggest position. EFG Asset Management North America Corp.’s holdings in Hilton Worldwide were worth $6,978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HLT. NewEdge Advisors LLC lifted its stake in shares of Hilton Worldwide by 25.6% in the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after buying an additional 465 shares in the last quarter. Empowered Funds LLC raised its holdings in Hilton Worldwide by 37.4% in the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,669 shares during the last quarter. Woodline Partners LP lifted its position in Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after acquiring an additional 5,687 shares in the last quarter. Intech Investment Management LLC boosted its stake in Hilton Worldwide by 112.4% during the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after purchasing an additional 2,899 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Hilton Worldwide by 182.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after purchasing an additional 215 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $297.00 on Tuesday. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $306.28. The company’s fifty day simple moving average is $287.16 and its 200-day simple moving average is $274.70. The stock 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HLT shares. Barclays upped their price target on Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Morgan Stanley raised 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. BMO Capital Markets boosted their price objective on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Robert W. Baird lowered their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, Wells Fargo & Company lifted their target price on shares of Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $297.33.

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.