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

Federated Hermes Inc. raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 183.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,297 shares of the company’s stock after acquiring an additional 143,938 shares during the quarter. Federated Hermes Inc. owned about 0.10% of Hilton Worldwide worth $57,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Railway Pension Investments Ltd raised its holdings in shares of Hilton Worldwide by 15.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 38,400 shares of the company’s stock valued at $9,962,000 after acquiring an additional 5,000 shares in the last quarter. Allstate Corp purchased a new position in shares of Hilton Worldwide during the third quarter worth about $2,161,000. Partners Capital Investment Group LLP bought a new position in shares of Hilton Worldwide in the third quarter worth approximately $4,684,000. Carolina Wealth Advisors LLC raised its stake in Hilton Worldwide by 31.7% in the second quarter. Carolina Wealth Advisors LLC now owns 4,969 shares of the company’s stock valued at $1,323,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Ascent Group LLC grew its stake in Hilton Worldwide by 177.3% in the 3rd quarter. Ascent Group LLC now owns 5,615 shares of the company’s stock worth $1,457,000 after buying an additional 3,590 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Susquehanna raised their price target on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Wells Fargo & Company upped their price objective on Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Robert W. Baird reduced their price objective on 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, 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $297.33.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $299.23 on Friday. The business has a 50-day moving average of $289.00 and a 200 day moving average of $275.14. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $306.28. The stock has a market capitalization of $69.55 billion, a PE ratio of 43.30, a P/E/G ratio of 2.52 and a beta of 1.15.

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.