Hilton Worldwide (NYSE:HLT) Price Target Raised to $318.00 at JPMorgan Chase & Co.

Hilton Worldwide (NYSE:HLT) had its price objective increased by analysts at JPMorgan Chase & Co. from $288.00 to $318.00 in a research note issued on Tuesday,MarketScreener reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.28% from the company’s previous close.

Several other brokerages also recently commented on HLT. Deutsche Bank Aktiengesellschaft lifted their price target on Hilton Worldwide from $286.00 to $299.00 in a research report on Tuesday. Robert W. Baird cut their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. BMO Capital Markets lifted their target price on Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Morgan Stanley raised their price objective on Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Evercore ISI boosted their price objective on Hilton Worldwide from $280.00 to $325.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.11.

Hilton Worldwide Stock Up 0.7%

Shares of NYSE:HLT traded up $2.02 during trading on Tuesday, reaching $304.95. The stock had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. The stock has a fifty day simple moving average of $290.06 and a two-hundred day simple moving average of $275.52. The firm has a market capitalization of $70.88 billion, a price-to-earnings ratio of 44.06, a P/E/G ratio of 2.54 and a beta of 1.13. Hilton Worldwide has a 52 week low of $196.04 and a 52 week high of $306.28.

Institutional Trading of Hilton Worldwide

Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Hilton Worldwide in the second quarter valued at approximately $676,201,000. JPMorgan Chase & Co. raised its position in Hilton Worldwide by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after purchasing an additional 1,132,880 shares during the last quarter. Jennison Associates LLC boosted its stake in Hilton Worldwide by 22.4% in the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock worth $1,233,612,000 after purchasing an additional 847,353 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Hilton Worldwide by 1,222.9% during the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after purchasing an additional 758,930 shares during the last quarter. Finally, Winslow Capital Management LLC increased its stake in shares of Hilton Worldwide by 62.6% in the second quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock valued at $504,532,000 after buying an additional 729,295 shares in the last quarter. 95.90% of the stock is owned by 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.