Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Ossiam

Ossiam lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 120.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,695 shares of the company’s stock after buying an additional 12,947 shares during the quarter. Ossiam’s holdings in Hilton Worldwide were worth $3,115,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLT. Concord Wealth Partners purchased a new position in Hilton Worldwide during the first quarter worth about $26,000. Assetmark Inc. raised its holdings in Hilton Worldwide by 60.6% during the first quarter. Assetmark Inc. now owns 228 shares of the company’s stock worth $28,000 after purchasing an additional 86 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Hilton Worldwide during the second quarter worth about $34,000. Harvest Fund Management Co. Ltd raised its holdings in Hilton Worldwide by 186.1% during the first quarter. Harvest Fund Management Co. Ltd now owns 412 shares of the company’s stock worth $49,000 after purchasing an additional 268 shares in the last quarter. Finally, Vigilant Capital Management LLC purchased a new position in Hilton Worldwide during the second quarter worth about $52,000. 96.69% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on HLT shares. Raymond James increased their price target on shares of Hilton Worldwide from $135.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Zacks Investment Research raised shares of Hilton Worldwide from a “sell” rating to a “hold” rating and set a $141.00 price objective for the company in a research note on Friday, July 30th. Truist raised their price objective on shares of Hilton Worldwide from $116.00 to $127.00 and gave the stock a “hold” rating in a research note on Friday, July 30th. Argus raised their target price on shares of Hilton Worldwide from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Monday, August 2nd. Finally, Citigroup raised their target price on shares of Hilton Worldwide from $137.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 6th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $128.63.

In related news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction on Monday, August 16th. The shares were sold at an average price of $121.42, for a total transaction of $364,260.00. Following the sale, the insider now owns 287,953 shares of the company’s stock, valued at approximately $34,963,253.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Hilton Worldwide stock traded up $1.10 during midday trading on Thursday, hitting $141.93. 2,969 shares of the stock were exchanged, compared to its average volume of 2,142,011. Hilton Worldwide Holdings Inc. has a 1 year low of $83.62 and a 1 year high of $145.25. The firm has a market cap of $39.55 billion, a P/E ratio of 267.96 and a beta of 1.25. The company has a 50 day moving average price of $129.48 and a two-hundred day moving average price of $126.45.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.22. Hilton Worldwide had a negative net margin of 6.98% and a negative return on equity of 10.48%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 2.18 EPS for the current fiscal year.

About Hilton Worldwide

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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