Teacher Retirement System of Texas Sells 22,356 Shares of Hilton Worldwide Holdings Inc. $HLT

Teacher Retirement System of Texas decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 37.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 36,683 shares of the company’s stock after selling 22,356 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hilton Worldwide were worth $9,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. Vanguard Group Inc. boosted its stake in shares of Hilton Worldwide by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 25,311,212 shares of the company’s stock valued at $6,741,388,000 after purchasing an additional 196,126 shares during the last quarter. State Street Corp lifted its holdings in Hilton Worldwide by 0.9% in the second quarter. State Street Corp now owns 9,595,709 shares of the company’s stock valued at $2,555,721,000 after buying an additional 86,689 shares during the period. Geode Capital Management LLC boosted its stake in Hilton Worldwide by 2.8% in the second quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after acquiring an additional 172,121 shares during the last quarter. Franklin Resources Inc. grew its holdings in Hilton Worldwide by 4.0% during the 2nd quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock worth $1,449,599,000 after acquiring an additional 208,708 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Hilton Worldwide by 22.4% during the 2nd quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after acquiring an additional 847,353 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Performance

Shares of HLT opened at $298.02 on Monday. The stock has a 50 day simple moving average of $286.54 and a 200 day simple moving average of $274.56. 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 $69.27 billion, a PE ratio of 43.13, a P/E/G ratio of 2.54 and a beta of 1.15.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HLT shares. Macquarie raised their price target on Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. TD Cowen restated a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. HSBC upped their price target on Hilton Worldwide from $307.00 to $319.00 and gave the company a “buy” rating in a research note on Friday. Susquehanna lifted their price objective on shares of Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Robert W. Baird decreased their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 17th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.