Hilton Worldwide (NYSE:HLT) Price Target Raised to $185.00

Hilton Worldwide (NYSE:HLT) had its price objective lifted by analysts at Deutsche Bank Aktiengesellschaft from $176.00 to $185.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential downside of 8.47% from the stock’s previous close.

HLT has been the subject of a number of other reports. UBS Group upped their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Evercore ISI upped their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Truist Financial reissued a “hold” rating and set a $199.00 price target on shares of Hilton Worldwide in a research report on Wednesday, March 20th. Macquarie reissued a “neutral” rating and set a $192.00 price target on shares of Hilton Worldwide in a research report on Wednesday. Finally, Mizuho cut their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday. Nine equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.06.

Hilton Worldwide Stock Down 0.9 %

Shares of HLT stock opened at $202.12 on Thursday. The firm has a market capitalization of $50.54 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The firm has a fifty day moving average of $205.79 and a 200-day moving average of $184.82.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. Research analysts expect that Hilton Worldwide will post 7.07 earnings per share for the current year.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. OFI Invest Asset Management bought a new position in Hilton Worldwide in the 3rd quarter valued at about $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $26,000. Independence Bank of Kentucky increased its holdings in shares of Hilton Worldwide by 66.7% during the first 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 period. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $28,000. 95.90% of the stock is owned by institutional investors.

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.