Hilton Worldwide (NYSE:HLT) Stock Price Target Raised at Citigroup

Hilton Worldwide (NYSE:HLT) had its target price upped by analysts at Citigroup from $335.00 to $400.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s target price suggests a potential upside of 9.58% from the company’s previous close.

A number of other research analysts also recently commented on HLT. Robert W. Baird increased their target price on Hilton Worldwide from $360.00 to $362.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $365.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group restated a “buy” rating and set a $390.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, October 28th. Truist Financial lifted their price objective on shares of Hilton Worldwide from $312.00 to $316.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Finally, Wolfe Research started coverage on shares of Hilton Worldwide in a research note on Wednesday, September 2nd. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $365.08.

Hilton Worldwide Trading Up 0.1%

NYSE HLT traded up $0.31 during mid-day trading on Tuesday, reaching $365.02. 614,265 shares of the company’s stock traded hands, compared to its average volume of 1,901,398. Hilton Worldwide has a 1-year low of $256.24 and a 1-year high of $368.49. The company has a fifty day simple moving average of $325.78 and a 200-day simple moving average of $321.08. The company has a market cap of $81.22 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 2.74 and a beta of 1.10.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. Hilton Worldwide’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 EPS. Equities research analysts forecast that Hilton Worldwide will post 9.17 earnings per share for the current fiscal year.

Insider Activity

In other Hilton Worldwide news, Director Chris Carr sold 439 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $310.34, for a total value of $136,239.26. Following the sale, the director directly owned 8,252 shares in the company, valued at approximately $2,560,925.68. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin J. Jacobs sold 151,050 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $356.19, for a total transaction of $53,802,499.50. Following the completion of the transaction, the insider owned 293,758 shares in the company, valued at approximately $104,633,662.02. This trade represents a 33.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 158,778 shares of company stock worth $56,196,944. 2.70% of the stock is owned by company insiders.

Institutional Trading of Hilton Worldwide

A number of hedge funds have recently bought and sold shares of HLT. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide in the 2nd quarter worth approximately $26,000. Trust Co. of Vermont purchased a new position in Hilton Worldwide during the 2nd quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its position in Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Wilkerson Advisory Group LLC raised its stake in Hilton Worldwide by 163.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after purchasing an additional 62 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.