Hilton Worldwide (NYSE:HLT) PT Raised to $237.00

Hilton Worldwide (NYSE:HLT) had its target price raised by analysts at Wells Fargo & Company from $200.00 to $237.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 0.68% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Truist Financial lowered their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Macquarie increased their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Bank of America increased their price target on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $221.42.

Hilton Worldwide Stock Up 0.7 %

HLT traded up $1.68 on Tuesday, reaching $238.63. The company’s stock had a trading volume of 297,409 shares, compared to its average volume of 1,552,132. The company has a market capitalization of $59.67 billion, a price-to-earnings ratio of 51.88, a P/E/G ratio of 2.60 and a beta of 1.31. The stock has a 50 day moving average of $223.34 and a two-hundred day moving average of $213.62. Hilton Worldwide has a fifty-two week low of $146.36 and a fifty-two week high of $240.00.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. As a group, analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 HLT. Independence Bank of Kentucky increased its position in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in Hilton Worldwide during the 2nd quarter worth about $33,000. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide during the 1st quarter worth about $34,000. Manchester Capital Management LLC increased its position in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in Hilton Worldwide during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors 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.