Public Employees Retirement System of Ohio Sells 12,527 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Public Employees Retirement System of Ohio cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 111,871 shares of the company’s stock after selling 12,527 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hilton Worldwide were worth $23,863,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chase Investment Counsel Corp bought a new position in Hilton Worldwide in the fourth quarter valued at about $2,480,000. International Assets Investment Management LLC increased its stake in shares of Hilton Worldwide by 19,454.9% in the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after buying an additional 294,937 shares during the period. AIA Group Ltd increased its stake in shares of Hilton Worldwide by 43.4% in the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after buying an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after buying an additional 4,677 shares during the period. Finally, Syon Capital LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $447,000. 95.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho decreased their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. HSBC raised their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Susquehanna started coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $209.16.

Insider Activity

In related news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the acquisition, the director now directly owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT stock traded up $2.59 during trading hours on Monday, reaching $218.20. The company had a trading volume of 730,272 shares, compared to its average volume of 1,553,258. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03. The business has a fifty day simple moving average of $211.60 and a 200-day simple moving average of $204.52. The company has a market cap of $54.56 billion, a price-to-earnings ratio of 47.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31.

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.