Hilton Worldwide (NYSE:HLT) Now Covered by Susquehanna

Stock analysts at Susquehanna assumed coverage on shares of Hilton Worldwide (NYSE:HLT) in a research note issued on Friday, Briefing.com reports. The firm set a “neutral” rating and a $215.00 price target on the stock. Susquehanna’s price target indicates a potential downside of 1.28% from the stock’s current price.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Macquarie restated a “neutral” rating and issued a $192.00 target price on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Finally, Evercore ISI boosted their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $208.00.

Hilton Worldwide Trading Up 0.8 %

Shares of NYSE HLT opened at $217.79 on Friday. The stock has a market cap of $54.46 billion, a P/E ratio of 47.35, a P/E/G ratio of 1.89 and a beta of 1.30. The stock has a 50 day moving average of $203.34 and a two-hundred day moving average of $197.08. Hilton Worldwide has a twelve month low of $136.76 and a twelve month high of $218.45.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Hilton Worldwide’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current year.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $199.65 per share, with a total value of $399,300.00. Following the purchase, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of HLT. Chase Investment Counsel Corp acquired a new position in shares of Hilton Worldwide in the fourth quarter worth $2,480,000. Savoir Faire Capital Management L.P. acquired a new position in Hilton Worldwide in the 3rd quarter valued at about $4,270,000. International Assets Investment Management LLC lifted its holdings in Hilton Worldwide by 19,454.9% in the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after purchasing an additional 294,937 shares in the last quarter. Syon Capital LLC acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth about $447,000. Finally, Jennison Associates LLC grew its holdings in shares of Hilton Worldwide by 11.5% during the fourth quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock worth $54,267,000 after buying an additional 30,676 shares in the last quarter. 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.