Hilton Worldwide Holdings Inc. $HLT Shares Sold by Veritas Asset Management LLP

Veritas Asset Management LLP reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 94.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,159 shares of the company’s stock after selling 614,032 shares during the period. Hilton Worldwide comprises approximately 0.1% of Veritas Asset Management LLP’s portfolio, making the stock its 22nd largest position. Veritas Asset Management LLP’s holdings in Hilton Worldwide were worth $8,862,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLT. Clearstead Trust LLC purchased a new stake in Hilton Worldwide during the 2nd quarter worth about $30,000. Sagard Holdings Management Inc. acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth about $30,000. Bank of Jackson Hole Trust lifted its stake in Hilton Worldwide by 132.7% during the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after purchasing an additional 73 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after purchasing an additional 45 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased 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 purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. BMO Capital Markets boosted their price target on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. TD Cowen reaffirmed a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Truist Financial lifted their target price on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Finally, Susquehanna upped their target price on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $297.33.

Hilton Worldwide Stock Performance

NYSE HLT opened at $298.64 on Monday. The firm’s fifty day moving average is $289.48 and its two-hundred day moving average is $275.30. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $306.28. The firm has a market cap of $69.41 billion, a PE ratio of 43.22, a P/E/G ratio of 2.54 and a beta of 1.13.

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.