Hilton Worldwide (NYSE:HLT) PT Raised to $220.00 at Truist Financial

Hilton Worldwide (NYSE:HLT) had its price target boosted by analysts at Truist Financial from $208.00 to $220.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential downside of 6.82% from the stock’s previous close.

A number of other brokerages have also recently commented on HLT. Robert W. Baird upped their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Evercore ISI upped their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $223.21.

Hilton Worldwide Stock Performance

NYSE HLT opened at $236.11 on Thursday. The company has a market capitalization 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 has a 52-week low of $148.25 and a 52-week high of $240.00. The company has a 50-day simple moving average of $225.01 and a 200 day simple moving average of $214.09.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results 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 net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $1.67 EPS. Hilton Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that Hilton Worldwide will post 7.03 EPS for the current fiscal year.

Insider Activity at Hilton Worldwide

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

Institutional Investors Weigh In On Hilton Worldwide

Several institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide during the third quarter valued at approximately $25,000. Independence Bank of Kentucky boosted its position in 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. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the 2nd quarter worth $33,000. Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide in the first quarter valued at about $34,000. Finally, Manchester Capital Management LLC raised its stake in shares of Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after acquiring an additional 114 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, 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.