Hilton Worldwide (NYSE:HLT) Price Target Raised to $243.00

Hilton Worldwide (NYSE:HLT) had its price target boosted by stock analysts at Mizuho from $237.00 to $243.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 2.92% from the stock’s current price.

A number of other brokerages also recently commented on HLT. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Finally, Bank of America upped their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average target price of $223.21.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $236.11 on Thursday. Hilton Worldwide has a one year low of $148.25 and a one year high of $240.00. The stock’s 50 day moving average price is $225.01 and its 200 day moving average price is $214.09. The firm has a market capitalization of $59.04 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The stock was 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 directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Laura Fuentes sold 4,919 shares of the business’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 sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred 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 owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealthcare Advisory Partners LLC acquired a new stake in Hilton Worldwide during the 1st quarter worth about $257,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hilton Worldwide by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock worth $1,725,000 after purchasing an additional 207 shares during the period. 180 Wealth Advisors LLC grew its position in Hilton Worldwide by 2.4% during the first quarter. 180 Wealth Advisors LLC now owns 3,547 shares of the company’s stock valued at $757,000 after purchasing an additional 84 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide in the 1st quarter worth approximately $34,000. Finally, Independence Bank of Kentucky boosted its stake in shares of Hilton Worldwide by 66.7% during the 1st 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. 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.