Evercore ISI Increases Hilton Worldwide (NYSE:HLT) Price Target to $240.00

Hilton Worldwide (NYSE:HLT) had its price objective upped by investment analysts at Evercore ISI from $210.00 to $240.00 in a report issued on Monday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 0.83% from the company’s previous close.

A number of other research firms have also commented on HLT. Barclays increased their price objective on Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Truist Financial cut their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday. JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and a consensus price target of $221.42.

Hilton Worldwide Stock Up 0.5 %

Shares of HLT stock opened at $238.02 on Monday. The stock has a market cap of $59.52 billion, a P/E ratio of 51.74, a P/E/G ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a fifty-two week low of $146.36 and a fifty-two week high of $240.00. The business has a fifty day simple moving average of $224.00 and a 200-day simple moving average of $213.80.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $1.63 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current year.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HLT. Massmutual Trust Co. FSB ADV increased its holdings in Hilton Worldwide by 4.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after purchasing an additional 46 shares during the last quarter. Meadow Creek Wealth Advisors LLC grew its position in shares of Hilton Worldwide by 4.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock worth $273,000 after buying an additional 48 shares in the last quarter. Independence Bank of Kentucky increased its stake in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after acquiring an additional 54 shares in the last quarter. Finally, AA Financial Advisors LLC boosted its stake in Hilton Worldwide by 4.0% during the 2nd quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock valued at $313,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds 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.