Wells Fargo & Company Increases Hilton Worldwide (NYSE:HLT) Price Target to $237.00

Hilton Worldwide (NYSE:HLT) had its price target raised by Wells Fargo & Company from $200.00 to $237.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.49% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Barclays lifted their price objective 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 target price on Hilton Worldwide in a research note on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $221.42.

Hilton Worldwide Stock Down 1.9 %

NYSE HLT opened at $233.53 on Tuesday. The firm has a market cap of $58.39 billion, a P/E ratio of 50.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company’s 50 day moving average is $224.51 and its 200-day moving average is $213.94. Hilton Worldwide has a 12-month low of $147.58 and a 12-month high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Hilton Worldwide will post 7.05 EPS for the current year.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated 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 transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in Hilton Worldwide during the 1st quarter valued at $2,792,000. AIA Group Ltd boosted its holdings in shares of Hilton Worldwide by 43.4% during the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after purchasing an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares during the last quarter. PGGM Investments increased its holdings in Hilton Worldwide by 337.6% during the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after purchasing an additional 12,740 shares during the last quarter. 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.