Hilton Worldwide (NYSE:HLT – Get Free Report) had its price target upped by equities research analysts at Macquarie from $240.00 to $258.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Macquarie’s price target points to a potential downside of 3.63% from the stock’s previous close.
Several other analysts have also issued reports on HLT. Robert W. Baird boosted their target price on Hilton Worldwide from $246.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Bank of America increased their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday. Barclays dropped their price objective on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley dropped their price objective on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. initiated coverage on Hilton Worldwide in a report on Monday, June 23rd. They set an “overweight” rating and a $282.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.56.
Read Our Latest Analysis on HLT
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $267.73 on Wednesday. The stock has a market cap of $63.64 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 2.65 and a beta of 1.25. Hilton Worldwide has a fifty-two week low of $196.04 and a fifty-two week high of $279.46. The firm’s 50-day simple moving average is $259.06 and its 200 day simple moving average is $246.61.
Hilton Worldwide (NYSE:HLT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 48.32% and a net margin of 13.84%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Hilton Worldwide will post 7.89 EPS for the current year.
Institutional Trading of Hilton Worldwide
A number of large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at about $260,000. LPL Financial LLC grew its position in shares of Hilton Worldwide by 36.8% during the fourth quarter. LPL Financial LLC now owns 120,936 shares of the company’s stock worth $29,891,000 after acquiring an additional 32,522 shares during the last quarter. Trust Investment Advisors purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $204,000. Parametrica Management Ltd purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $358,000. Finally, Graney & King LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $52,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
About Hilton Worldwide
(Get Free Report)
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.
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