Hilton Worldwide (NYSE:HLT) Given New $123.00 Price Target at Evercore ISI

Hilton Worldwide (NYSE:HLT) had its price objective raised by Evercore ISI from $100.00 to $123.00 in a report issued on Monday morning, The Fly reports. The firm currently has an in-line rating on the stock.

Several other brokerages also recently commented on HLT. Wells Fargo & Company increased their price objective on Hilton Worldwide from $95.00 to $105.00 and gave the stock an equal weight rating in a research note on Monday, November 16th. Morgan Stanley increased their price target on Hilton Worldwide from $88.00 to $101.00 and gave the company an equal weight rating in a research report on Wednesday, January 20th. Barclays increased their price target on Hilton Worldwide from $92.00 to $117.00 and gave the company an overweight rating in a research report on Monday, November 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Hilton Worldwide from $85.00 to $104.00 and gave the company a hold rating in a research report on Thursday, February 18th. Finally, Argus raised Hilton Worldwide from a hold rating to a buy rating and set a $120.00 price target for the company in a research report on Wednesday, November 11th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Hilton Worldwide currently has a consensus rating of Buy and a consensus target price of $105.74.

Shares of NYSE:HLT opened at $119.96 on Monday. The business’s 50 day simple moving average is $109.48 and its two-hundred day simple moving average is $98.84. The firm has a market cap of $33.30 billion, a P/E ratio of -103.41 and a beta of 1.33. Hilton Worldwide has a 52-week low of $44.30 and a 52-week high of $122.13.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, February 16th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.13). Hilton Worldwide had a negative return on equity of 34.02% and a negative net margin of 5.46%. During the same period in the previous year, the company earned $1.00 earnings per share. On average, equities research analysts expect that Hilton Worldwide will post 0.22 earnings per share for the current year.

In related news, insider Kristin Ann Campbell sold 57,121 shares of Hilton Worldwide stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $108.97, for a total transaction of $6,224,475.37. Following the completion of the sale, the insider now owns 246,581 shares of the company’s stock, valued at $26,869,931.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael W. Duffy sold 4,210 shares of Hilton Worldwide stock in a transaction on Friday, December 4th. The shares were sold at an average price of $111.07, for a total value of $467,604.70. Following the sale, the insider now directly owns 36,504 shares of the company’s stock, valued at approximately $4,054,499.28. The disclosure for this sale can be found here. Insiders sold 67,331 shares of company stock valued at $7,355,680 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC boosted its stake in Hilton Worldwide by 110.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 330 shares of the company’s stock valued at $28,000 after buying an additional 173 shares during the period. CWM LLC raised its position in Hilton Worldwide by 336.1% during the fourth quarter. CWM LLC now owns 266 shares of the company’s stock valued at $30,000 after purchasing an additional 205 shares in the last quarter. Freedman Financial Associates Inc. purchased a new stake in Hilton Worldwide during the fourth quarter valued at about $30,000. Freestone Capital Holdings LLC purchased a new stake in Hilton Worldwide during the third quarter valued at about $32,000. Finally, TRUE Private Wealth Advisors purchased a new stake in Hilton Worldwide during the fourth quarter valued at about $33,000. 97.61% of the stock is owned by institutional investors.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Tempo by Hilton brands.

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Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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