Hilton Worldwide (NYSE:HLT) Price Target Raised to $254.00

Hilton Worldwide (NYSE:HLTGet Free Report) had its price objective increased by research analysts at HSBC from $219.00 to $254.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. HSBC’s price target points to a potential upside of 20.74% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Mizuho initiated coverage on shares of Hilton Worldwide in a research report on Tuesday, March 26th. They issued a “buy” rating and a $245.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Robert W. Baird upped their price objective on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Barclays upped their price objective on shares of Hilton Worldwide from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.28.

Get Our Latest Stock Report on Hilton Worldwide

Hilton Worldwide Trading Down 1.1 %

Shares of HLT stock opened at $210.37 on Wednesday. The firm’s fifty day moving average price is $201.27 and its two-hundred day moving average price is $177.99. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The firm has a market capitalization of $53.05 billion, a P/E ratio of 48.58, a PEG ratio of 1.88 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. Hilton Worldwide’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. As a group, equities research analysts forecast that Hilton Worldwide will post 7.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Hilton Worldwide

A number of large investors have recently added to or reduced their stakes in HLT. Cetera Advisor Networks LLC increased its holdings in Hilton Worldwide by 7.9% during the first quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after buying an additional 108 shares during the last quarter. D.A. Davidson & CO. boosted its position in Hilton Worldwide by 8.0% during the first quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock worth $227,000 after purchasing an additional 111 shares during the period. Raymond James Trust N.A. boosted its position in Hilton Worldwide by 22.9% during the first quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after purchasing an additional 637 shares during the period. Synovus Financial Corp boosted its position in Hilton Worldwide by 8.6% during the first quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after purchasing an additional 487 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Hilton Worldwide during the first quarter worth about $91,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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