Melius Research Reiterates “Hold” Rating for Hilton Worldwide (NYSE:HLT)

Hilton Worldwide (NYSE:HLT)‘s stock had its “hold” rating reissued by research analysts at Melius Research in a report released on Monday, Marketbeat reports.

HLT has been the subject of several other research reports. Macquarie lifted their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Barclays lifted their target price on Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Robert W. Baird set a $235.00 price objective on Hilton Worldwide in a research report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $221.42.

Hilton Worldwide Stock Up 0.5 %

Shares of NYSE:HLT opened at $238.02 on Monday. 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 52 week low of $146.36 and a 52 week high of $240.00. The firm has a fifty day simple moving average of $224.00 and a two-hundred day simple moving average of $213.80.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, analysts expect 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 Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Large investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its stake in Hilton Worldwide by 4.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock valued at $269,000 after buying an additional 46 shares during the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in shares of Hilton Worldwide by 4.2% during the 3rd 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 boosted 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 valued at $27,000 after buying an additional 50 shares in the last quarter. EP Wealth Advisors LLC raised its position in Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after acquiring an additional 54 shares in the last quarter. Finally, AA Financial Advisors LLC increased its stake in Hilton Worldwide by 4.0% in the 2nd quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock valued at $313,000 after purchasing an additional 55 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other 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.