Hilton Worldwide (NYSE:HLT) Price Target Raised to $299.00 at Deutsche Bank Aktiengesellschaft

Hilton Worldwide (NYSE:HLT) had its price objective raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $286.00 to $299.00 in a report released on Tuesday,MarketScreener reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 1.95% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Robert W. Baird lowered their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. TD Cowen reissued a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Morgan Stanley raised their price objective on shares of Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Finally, Susquehanna raised their price target on shares of Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average price target of $304.11.

Hilton Worldwide Stock Up 0.7%

Shares of NYSE:HLT traded up $2.02 during trading on Tuesday, hitting $304.95. The stock had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. Hilton Worldwide has a 12-month low of $196.04 and a 12-month high of $306.28. The stock has a market capitalization of $70.88 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13. The stock has a 50-day simple moving average of $290.06 and a two-hundred day simple moving average of $275.52.

Institutional Investors Weigh In On Hilton Worldwide

A number of large investors have recently made changes to their positions in HLT. Clearstead Trust LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter worth $30,000. Sagard Holdings Management Inc. acquired a new position in Hilton Worldwide in the second quarter valued at approximately $30,000. Caitlin John LLC acquired a new stake in Hilton Worldwide during the third quarter worth $32,000. ST Germain D J Co. Inc. purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $33,000. Finally, Bank of Jackson Hole Trust increased its position in shares of Hilton Worldwide by 132.7% during the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.