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

Envestnet Portfolio Solutions Inc. cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,685 shares of the company’s stock after selling 1,698 shares during the period. 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 institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC bought a new position in Hilton Worldwide during the second quarter worth about $30,000. Sagard Holdings Management Inc. bought a new position in shares of Hilton Worldwide during the 2nd quarter valued at about $30,000. Bank of Jackson Hole Trust grew its position in shares of Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after purchasing an additional 73 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in Hilton Worldwide by 52.9% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after purchasing an additional 45 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Hilton Worldwide by 59.8% in the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.4%

NYSE:HLT opened at $296.03 on Wednesday. The firm has a market capitalization of $68.81 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $306.28. The stock’s 50 day moving average price is $287.71 and its two-hundred day moving average price is $274.83.

Analyst Ratings Changes

A number of brokerages recently commented on HLT. Evercore ISI raised their price objective on shares of Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. The Goldman Sachs Group raised Hilton Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $285.00 to $317.00 in a research note on Monday, December 15th. Truist Financial increased their price objective on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. BMO Capital Markets boosted their target price on Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.