ABC Arbitrage SA Takes $2.17 Million Position in Hilton Worldwide Holdings Inc. $HLT

ABC Arbitrage SA bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,377 shares of the company’s stock, valued at approximately $2,173,000.

Other large investors have also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA increased its stake in shares of Hilton Worldwide by 1.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock worth $850,000 after purchasing an additional 38 shares during the last quarter. RMR Wealth Builders increased its position in Hilton Worldwide by 1.3% during the third quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock worth $766,000 after buying an additional 39 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Hilton Worldwide by 1.6% in the second quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after buying an additional 39 shares during the period. State of Wyoming lifted its position in shares of Hilton Worldwide by 2.7% in the second quarter. State of Wyoming now owns 1,549 shares of the company’s stock valued at $413,000 after buying an additional 40 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Hilton Worldwide by 10.3% during the 2nd quarter. CVA Family Office LLC now owns 439 shares of the company’s stock worth $117,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price target on Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group upped their price objective on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. BMO Capital Markets lifted their target price on shares of Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $306.39.

Hilton Worldwide Trading Up 3.3%

Shares of HLT opened at $324.38 on Wednesday. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $325.08. The firm’s 50 day moving average is $293.43 and its 200-day moving average is $277.26. The stock has a market capitalization of $75.40 billion, a PE ratio of 46.94, a P/E/G ratio of 2.65 and a beta of 1.13.

Hilton Worldwide Company 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.