Hilton Worldwide (NYSE:HLT) Price Target Cut to $232.00

Hilton Worldwide (NYSE:HLT) had its price target reduced by stock analysts at Wells Fargo & Company from $237.00 to $232.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 1.74% from the company’s previous close.

A number of other research firms also recently commented on HLT. Bank of America boosted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Evercore ISI lifted their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Truist Financial lowered their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $223.21.

Hilton Worldwide Stock Up 0.4 %

NYSE:HLT opened at $236.11 on Thursday. Hilton Worldwide has a fifty-two week low of $148.25 and a fifty-two week high of $240.00. The firm’s fifty day simple moving average is $225.01 and its 200-day simple moving average is $214.09. The stock has a market cap of $58.18 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. Equities analysts anticipate that Hilton Worldwide will post 7.03 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. grew its stake in Hilton Worldwide by 16.2% in the third quarter. Pinnacle Associates Ltd. now owns 33,601 shares of the company’s stock worth $7,745,000 after purchasing an additional 4,692 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in Hilton Worldwide by 28.5% during the third quarter. First Trust Direct Indexing L.P. now owns 7,041 shares of the company’s stock valued at $1,623,000 after buying an additional 1,561 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in Hilton Worldwide by 1.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 4,821 shares of the company’s stock worth $1,126,000 after buying an additional 61 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of Hilton Worldwide by 9.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 3,734 shares of the company’s stock worth $861,000 after acquiring an additional 308 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Hilton Worldwide by 53.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 7,635 shares of the company’s stock valued at $1,760,000 after acquiring an additional 2,671 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.