Hilton Worldwide (NYSE:HLT) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Hilton Worldwide (NYSE:HLT) had its price target hoisted by analysts at The Goldman Sachs Group from $317.00 to $330.00 in a research note issued to investors on Tuesday,MarketScreener reports. The Goldman Sachs Group’s price target points to a potential upside of 8.21% from the stock’s current price.

A number of other research firms have also recently weighed in on HLT. Deutsche Bank Aktiengesellschaft lifted their price objective on Hilton Worldwide from $286.00 to $299.00 in a research report on Tuesday. Truist Financial boosted their target price on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Barclays increased their price target on Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Robert W. Baird decreased their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, Morgan Stanley raised their price target on Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $304.11.

Hilton Worldwide Stock Up 0.7%

HLT traded up $2.02 during trading on Tuesday, hitting $304.95. The company’s stock had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. Hilton Worldwide has a one year low of $196.04 and a one year high of $306.28. The business’s 50 day simple moving average is $290.06 and its 200-day simple moving average is $275.52. The firm has a market cap of $70.88 billion, a PE ratio of 44.06, a P/E/G ratio of 2.54 and a beta of 1.13.

Institutional Trading of Hilton Worldwide

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Hilton Worldwide during the second quarter worth $676,201,000. JPMorgan Chase & Co. lifted its position in Hilton Worldwide by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after acquiring an additional 1,132,880 shares during the period. Jennison Associates LLC increased its holdings in shares of Hilton Worldwide by 22.4% in the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after purchasing an additional 847,353 shares during the period. Two Sigma Investments LP raised its stake in shares of Hilton Worldwide by 1,222.9% in the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after purchasing an additional 758,930 shares during the last quarter. Finally, Winslow Capital Management LLC boosted its position in Hilton Worldwide by 62.6% in the second quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock valued at $504,532,000 after buying an additional 729,295 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.