OMERS ADMINISTRATION Corp Buys 2,476 Shares of Hilton Worldwide Holdings Inc. $HLT

OMERS ADMINISTRATION Corp lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,620 shares of the company’s stock after purchasing an additional 2,476 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Hilton Worldwide were worth $3,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Hilton Worldwide by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after buying an additional 465 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Hilton Worldwide by 37.4% during the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,669 shares in the last quarter. Woodline Partners LP increased its stake in Hilton Worldwide by 38.8% in the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after acquiring an additional 5,687 shares during the last quarter. Intech Investment Management LLC increased its stake in Hilton Worldwide by 112.4% in the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Hilton Worldwide by 182.2% during the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HLT. Morgan Stanley raised their target price on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Argus boosted their price target on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their target price on Hilton Worldwide from $376.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $350.36.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $330.33 on Tuesday. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The company has a market capitalization of $75.20 billion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The company has a fifty day moving average of $334.05 and a 200-day moving average of $318.51.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $2.95 billion. Hilton Worldwide had a negative return on equity of 38.21% and a net margin of 12.56%.Hilton Worldwide’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 9.03 EPS for the current fiscal year.

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.