Hilton Worldwide (NYSE:HLT) PT Raised to $265.00

Hilton Worldwide (NYSE:HLT) had its target price boosted by equities researchers at Bank of America from $230.00 to $265.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 11.34% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Macquarie raised their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Robert W. Baird set a $235.00 price target on shares of Hilton Worldwide in a report on Thursday, October 17th. Finally, Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $221.42.

Hilton Worldwide Trading Up 0.5 %

Shares of HLT stock opened at $238.02 on Monday. The firm’s 50 day moving average is $224.00 and its 200 day moving average is $213.80. The stock has a market capitalization of $59.52 billion, a P/E ratio of 51.74, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 12 month low of $146.36 and a 12 month high of $240.00.

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

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after buying an additional 1,282,676 shares during the period. Capital World Investors lifted its stake in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after purchasing an additional 1,246,662 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Hilton Worldwide by 23,730.1% in the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after purchasing an additional 477,212 shares in the last quarter. Finally, PineStone Asset Management Inc. purchased a new position in Hilton Worldwide during the second quarter valued at $98,607,000. 95.90% of the stock is currently owned by institutional investors.

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.