Massmutual Trust Co. FSB ADV Raises Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,123 shares of the company’s stock after purchasing an additional 233 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Hilton Worldwide were worth $245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $25,000. Independence Bank of Kentucky raised its position in shares of Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Hilton Worldwide in the 4th quarter worth about $28,000. Raleigh Capital Management Inc. grew 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 valued at $31,000 after purchasing an additional 56 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in Hilton Worldwide during the 1st quarter valued at about $34,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 1.5 %

Shares of NYSE HLT traded down $3.05 during trading on Monday, reaching $201.91. 2,470,523 shares of the company traded hands, compared to its average volume of 1,584,256. The stock has a market cap of $50.49 billion, a P/E ratio of 43.73, a PEG ratio of 1.84 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The firm’s fifty day simple moving average is $212.52 and its 200 day simple moving average is $205.59.

Insider Buying and Selling

In other news, Director Melanie Healey purchased 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, with a total value of $399,300.00. Following the transaction, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HLT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Macquarie reaffirmed a “neutral” rating and set a $192.00 target price on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Susquehanna initiated coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target on the stock. Truist Financial increased their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, Bank of America upped their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.16.

Hilton Worldwide Company Profile

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.