Hilton Worldwide (NYSE:HLT) Hits New 52-Week High – Still a Buy?

Hilton Worldwide Holdings Inc. (NYSE:HLT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $324.65 and last traded at $323.1890, with a volume of 447142 shares changing hands. The stock had previously closed at $314.03.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays increased their price target on Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a report on Friday, January 16th. HSBC lifted their target price on Hilton Worldwide from $307.00 to $319.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hilton Worldwide from $286.00 to $299.00 in a research note on Tuesday, February 3rd. Susquehanna raised their price objective on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley increased their target price on shares of Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.39.

Hilton Worldwide Trading Up 3.2%

The stock has a market capitalization of $75.29 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13. The firm’s 50 day simple moving average is $292.57 and its 200-day simple moving average is $276.91.

Institutional Trading of Hilton Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC acquired a new position in Hilton Worldwide in the 2nd quarter worth about $30,000. Sagard Holdings Management Inc. bought a new stake in Hilton Worldwide in the 2nd quarter worth about $30,000. Caitlin John LLC bought a new position in Hilton Worldwide in the 3rd quarter worth approximately $32,000. ST Germain D J Co. Inc. purchased a new position in Hilton Worldwide in the 4th quarter worth $33,000. Finally, Bank of Jackson Hole Trust boosted its position in Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after buying an additional 73 shares during the period. Institutional investors own 95.90% of the company’s stock.

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.