Public Employees Retirement Association of Colorado Has $7.88 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Public Employees Retirement Association of Colorado cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,952 shares of the company’s stock after selling 2,519 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hilton Worldwide were worth $7,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HLT. Bamco Inc. NY lifted its holdings in Hilton Worldwide by 43.3% during the 1st quarter. Bamco Inc. NY now owns 248,419 shares of the company’s stock worth $52,990,000 after buying an additional 75,102 shares in the last quarter. BOKF NA lifted its stake in shares of Hilton Worldwide by 2,172.0% during the first quarter. BOKF NA now owns 6,248 shares of the company’s stock valued at $1,329,000 after acquiring an additional 5,973 shares during the period. Quadrature Capital Ltd bought a new position in Hilton Worldwide in the first quarter valued at about $2,792,000. Capital World Investors increased its position in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares during the period. Finally, Capital International Sarl raised its holdings in Hilton Worldwide by 6.6% during the 1st quarter. Capital International Sarl now owns 134,865 shares of the company’s stock worth $28,768,000 after purchasing an additional 8,356 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost 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 in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho reduced their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Susquehanna assumed coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 target price for the company. 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. Macquarie restated a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Finally, HSBC upped their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $209.16.

Hilton Worldwide Stock Performance

Shares of HLT opened at $217.82 on Tuesday. The firm has a market capitalization of $54.47 billion, a PE ratio of 47.35, a P/E/G ratio of 1.90 and a beta of 1.31. The stock has a 50 day simple moving average of $211.85 and a 200 day simple moving average of $204.77. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03.

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.