SVB Wealth LLC Decreases Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SVB Wealth LLC reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,239 shares of the company’s stock after selling 183 shares during the quarter. SVB Wealth LLC’s holdings in Hilton Worldwide were worth $1,118,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $25,000. Independence Bank of Kentucky grew its stake in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $28,000. Raleigh Capital Management Inc. lifted its position in Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after acquiring an additional 56 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in Hilton Worldwide in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the acquisition, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Robert W. Baird raised their target price on Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Macquarie reaffirmed a “neutral” rating and set a $192.00 price target on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Finally, Truist Financial boosted their price objective on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $209.16.

Hilton Worldwide Trading Up 1.1 %

NYSE HLT traded up $2.43 during trading on Tuesday, reaching $220.25. The company’s stock had a trading volume of 158,366 shares, compared to its average volume of 1,546,679. The stock has a market capitalization of $55.07 billion, a PE ratio of 47.35, a PEG ratio of 1.90 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03. The business has a 50-day moving average price of $211.85 and a 200-day moving average price of $204.77.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.