Hilton Worldwide (NYSE:HLT) PT Raised to $210.00

Hilton Worldwide (NYSE:HLT) had its price target upped by research analysts at Robert W. Baird from $203.00 to $210.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 1.69% from the stock’s current price.

A number of other brokerages also recently issued reports on HLT. Bank of America boosted their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. UBS Group boosted their price objective on Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Barclays upped their price target on Hilton Worldwide from $200.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets upped their price target on Hilton Worldwide from $184.00 to $203.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $200.00 price target on shares of Hilton Worldwide in a research note on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.00.

Hilton Worldwide Stock Up 0.9 %

Shares of NYSE HLT traded up $1.84 during trading on Friday, reaching $206.50. The company had a trading volume of 2,347,702 shares, compared to its average volume of 1,519,895. The company’s fifty day moving average price is $195.69 and its 200-day moving average price is $173.80. Hilton Worldwide has a 12 month low of $129.86 and a 12 month high of $209.71. The stock has a market cap of $52.07 billion, a P/E ratio of 47.69, a PEG ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current year.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Worldwide

Several institutional investors have recently modified their holdings of HLT. Syon Capital LLC bought a new position in Hilton Worldwide during the fourth quarter valued at $447,000. Integrated Advisors Network LLC grew its holdings in Hilton Worldwide by 5.5% during the fourth quarter. Integrated Advisors Network LLC now owns 2,497 shares of the company’s stock valued at $455,000 after purchasing an additional 130 shares during the period. Virtu Financial LLC bought a new position in Hilton Worldwide during the fourth quarter valued at $452,000. Scarborough Advisors LLC bought a new position in Hilton Worldwide during the fourth quarter valued at $171,000. Finally, Raleigh Capital Management Inc. grew its holdings in Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the period. 94.71% of the stock is owned by 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.