Truist Financial Increases Hilton Worldwide (NYSE:HLT) Price Target to $220.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by Truist Financial from $208.00 to $220.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential downside of 6.67% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Bank of America raised their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Mizuho boosted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $221.84.

Hilton Worldwide Stock Up 1.0 %

Shares of HLT traded up $2.22 during mid-day trading on Thursday, hitting $235.72. The stock had a trading volume of 517,064 shares, compared to its average volume of 1,559,691. Hilton Worldwide has a fifty-two week low of $147.58 and a fifty-two week high of $240.00. The company has a market cap of $58.94 billion, a PE ratio of 51.24, a PEG ratio of 2.60 and a beta of 1.31. The company’s fifty day simple moving average is $224.51 and its two-hundred day simple moving average is $213.94.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. Equities analysts expect that Hilton Worldwide will post 7.05 earnings per share for the current year.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

A number of hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after acquiring an additional 1,282,676 shares in the last quarter. Capital World Investors boosted its holdings in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after buying an additional 761,104 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Hilton Worldwide by 23,730.1% during the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after acquiring an additional 477,212 shares in the last quarter. Finally, PineStone Asset Management Inc. acquired a new position in Hilton Worldwide during the second quarter valued at approximately $98,607,000. 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.