Hilton Worldwide (NYSE:HLT) Price Target Increased to $265.00 by Analysts at Bank of America

Hilton Worldwide (NYSE:HLT) had its price objective boosted by research analysts at Bank of America from $230.00 to $265.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 12.02% from the company’s current price.

HLT has been the topic of several other reports. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Truist Financial dropped their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Robert W. Baird set a $235.00 target price on Hilton Worldwide in a research report on Thursday. Finally, Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eleven 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, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $219.47.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded down $2.25 on Monday, hitting $236.56. The company had a trading volume of 510,831 shares, compared to its average volume of 1,555,208. The stock has a market capitalization of $59.15 billion, a price-to-earnings ratio of 51.43, a P/E/G ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 1 year low of $146.36 and a 1 year high of $240.00. The stock has a 50 day moving average of $222.71 and a 200-day moving average of $213.42.

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. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that Hilton Worldwide will post 7.05 earnings per share for the current year.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the firm’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 value of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

A number of large investors have recently bought and sold shares of the company. Independence Bank of Kentucky raised its stake in shares of 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 acquiring an additional 50 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in Hilton Worldwide in the 2nd quarter valued at about $33,000. Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the 1st quarter worth approximately $34,000. Manchester Capital Management LLC boosted its stake in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. Finally, NewSquare Capital LLC bought a new position in shares of Hilton Worldwide in the second quarter valued at approximately $37,000. 95.90% of the stock is currently 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.