Hilton Worldwide (NYSE:HLT) Now Covered by Analysts at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide (NYSE:HLT) in a research report issued on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $245.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 11.17% from the stock’s previous close.

Several other equities research analysts also recently issued reports on HLT. Truist Financial dropped their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Susquehanna initiated coverage on Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $213.95.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $220.38 on Wednesday. The company has a market cap of $55.11 billion, a P/E ratio of 47.91, a PEG ratio of 2.32 and a beta of 1.31. Hilton Worldwide has a one year low of $146.00 and a one year high of $229.03. The business’s 50-day simple moving average is $214.66 and its 200 day simple moving average is $209.59.

Hilton Worldwide (NYSE:HLT) last announced its 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. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate 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 was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. Analysts predict that Hilton Worldwide will post 7.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Independence Bank of Kentucky raised its position in Hilton Worldwide by 66.7% during 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 during the period. EdgeRock Capital LLC acquired a new position in Hilton Worldwide during the second quarter valued at $33,000. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide during the fourth quarter valued at $28,000. Pinnacle Bancorp Inc. acquired a new position in Hilton Worldwide during the first quarter valued at $34,000. Finally, Manchester Capital Management LLC raised its position in Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

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.