Hilton Worldwide (NYSE:HLT) Price Target Raised to $230.00

Hilton Worldwide (NYSE:HLT) had its target price raised by Bank of America from $225.00 to $230.00 in a report published on Monday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a hold rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a neutral rating in a report on Friday, July 19th. HSBC boosted their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. Susquehanna began coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a neutral rating and a $215.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a hold rating in a research note on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of Hold and an average target price of $209.16.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $213.28 on Monday. The company has a market capitalization of $53.33 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. The business’s fifty day moving average is $211.38 and its 200 day moving average is $203.97. Hilton Worldwide has a 52-week low of $146.00 and a 52-week high of $229.03.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Hilton Worldwide’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the purchase, the director now directly owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLT. JPMorgan Chase & Co. increased its stake in shares of Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Hilton Worldwide by 6.0% in the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after acquiring an additional 216,219 shares in the last quarter. Capital World Investors boosted its stake in shares of Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after acquiring an additional 1,246,662 shares during the period. Norges Bank purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth about $475,073,000. Finally, TD Asset Management Inc raised its stake in Hilton Worldwide by 2.8% during the 1st quarter. TD Asset Management Inc now owns 2,132,393 shares of the company’s stock valued at $454,861,000 after purchasing an additional 57,895 shares during the period. Institutional investors own 95.90% of the company’s stock.

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.