Hilton Worldwide (NYSE:HLT) Price Target Increased to $185.00 by Analysts at Deutsche Bank Aktiengesellschaft

Hilton Worldwide (NYSE:HLT) had its target price hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $176.00 to $185.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential downside of 9.30% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on HLT. Mizuho lowered their price objective on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays lifted their price objective on Hilton Worldwide from $204.00 to $216.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Evercore ISI lifted their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a report on Wednesday, March 20th. HSBC lifted their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $204.33.

Hilton Worldwide Stock Down 0.4 %

Shares of NYSE:HLT traded down $0.73 during trading on Thursday, reaching $203.97. 804,353 shares of the company’s stock traded hands, compared to its average volume of 1,485,845. Hilton Worldwide has a fifty-two week low of $134.43 and a fifty-two week high of $215.79. The firm has a market cap of $51.27 billion, a PE ratio of 47.21, a P/E/G ratio of 1.75 and a beta of 1.25. The company has a 50-day simple moving average of $205.55 and a 200-day simple moving average of $184.32.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that Hilton Worldwide will post 7.06 EPS for the current year.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business’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 completion of the transaction, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Putnam Investments LLC lifted its position in Hilton Worldwide by 6.0% in 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 last quarter. Norges Bank purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $475,073,000. Deutsche Bank AG raised its holdings in shares of Hilton Worldwide by 181.1% in the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock valued at $391,640,000 after buying an additional 1,680,156 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hilton Worldwide by 1.9% in the third quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock valued at $370,455,000 after buying an additional 46,197 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Hilton Worldwide by 16.2% in the fourth quarter. TD Asset Management Inc now owns 2,074,498 shares of the company’s stock valued at $377,745,000 after buying an additional 288,587 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other 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.