Hilton Worldwide Holdings Inc. $HLT Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,287 shares of the company’s stock after purchasing an additional 4,155 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hilton Worldwide were worth $10,971,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HLT. Clearstead Trust LLC purchased a new stake in Hilton Worldwide in the 2nd quarter valued at approximately $30,000. Sagard Holdings Management Inc. purchased a new stake in shares of Hilton Worldwide in the second quarter valued at approximately $30,000. Bank of Jackson Hole Trust boosted its stake in shares of Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after buying an additional 73 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position 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 worth $34,000 after acquiring an additional 45 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Hilton Worldwide by 59.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HLT shares. The Goldman Sachs Group raised shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $285.00 to $317.00 in a report on Monday, December 15th. Macquarie upped their price target on Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research report on Monday, December 29th. Susquehanna lifted their price target on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, TD Cowen reissued a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $297.33.

Hilton Worldwide Trading Down 0.2%

Shares of HLT stock opened at $298.64 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $306.28. The company has a market capitalization of $69.41 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 2.55 and a beta of 1.15. The firm has a 50-day moving average price of $289.48 and a 200 day moving average price of $275.28.

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.