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

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

HLT has been the topic of a number of other reports. Mizuho reduced their target price 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. Macquarie reissued a “neutral” rating and set a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday. Bank of America boosted their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.06.

Hilton Worldwide Trading Down 0.9 %

Shares of HLT stock opened at $202.12 on Thursday. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The firm’s 50 day moving average is $205.79 and its 200-day moving average is $184.82. The firm has a market capitalization of $50.54 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 1.81 and a beta of 1.25.

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

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the company’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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in shares of Hilton Worldwide in the third quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in Hilton Worldwide during the fourth quarter worth $25,000. Activest Wealth Management acquired a new position in Hilton Worldwide during the fourth quarter worth $26,000. Independence Bank of Kentucky boosted its holdings in 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 last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide during the fourth quarter worth $28,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.