Hilton Worldwide (NYSE:HLT) Given “Neutral” Rating at Macquarie

Hilton Worldwide (NYSE:HLT)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $192.00 price target on the stock. Macquarie’s price objective points to a potential downside of 5.85% from the stock’s previous close.

HLT has been the subject of a number of other reports. Bank of America lifted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Evercore ISI lifted their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. UBS Group lifted their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Truist Financial restated a “hold” rating and set a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Finally, HSBC lifted their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.06.

Hilton Worldwide Stock Down 0.4 %

HLT stock opened at $203.93 on Wednesday. The firm has a 50 day moving average of $205.70 and a 200 day moving average of $184.45. The stock has a market capitalization of $51.26 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. Hilton Worldwide’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, equities research analysts expect that Hilton Worldwide will post 7.06 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Equitable Trust Co. increased its holdings in Hilton Worldwide by 20.7% in the 1st quarter. Equitable Trust Co. now owns 2,966 shares of the company’s stock worth $633,000 after acquiring an additional 508 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hilton Worldwide by 14.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 132,405 shares of the company’s stock worth $28,243,000 after buying an additional 16,884 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Hilton Worldwide during the first quarter worth $257,000. V Square Quantitative Management LLC grew its holdings in shares of Hilton Worldwide by 24.0% during the first quarter. V Square Quantitative Management LLC now owns 5,321 shares of the company’s stock worth $1,135,000 after buying an additional 1,029 shares in the last quarter. Finally, Pitti Group Wealth Management LLC purchased a new stake in shares of Hilton Worldwide during the first quarter worth $206,000. Hedge funds and other 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.