Hilton Worldwide (NYSE:HLT) PT Raised to $219.00

Hilton Worldwide (NYSE:HLT) had its price target increased by equities research analysts at Barclays from $216.00 to $219.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 8.35% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Macquarie restated a “neutral” rating and issued a $192.00 target price on shares of Hilton Worldwide in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. TD Cowen upped their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday. Nine equities 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 $205.06.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $202.12 on Thursday. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79. The firm has a market capitalization of $50.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 1.81 and a beta of 1.25. The company’s fifty day moving average price is $205.79 and its two-hundred day moving average price is $184.82.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $2.57 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 EPS. On average, sell-side analysts anticipate that Hilton Worldwide will post 7.07 EPS for the current year.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Putnam Investments LLC increased its stake in shares of Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after acquiring an additional 216,219 shares during the period. Norges Bank acquired a new position in Hilton Worldwide in the fourth quarter worth approximately $475,073,000. Deutsche Bank AG grew its position in Hilton Worldwide by 181.1% in the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after buying an additional 1,680,156 shares during the last quarter. Northern Trust Corp grew its position in Hilton Worldwide by 1.9% in the third quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock worth $370,455,000 after buying an additional 46,197 shares during the last quarter. Finally, TD Asset Management Inc grew its position in Hilton Worldwide by 16.2% in the fourth quarter. TD Asset Management Inc now owns 2,074,498 shares of the company’s stock worth $377,745,000 after buying an additional 288,587 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.