Hilton Worldwide (NYSE:HLT) PT Raised to $225.00

Hilton Worldwide (NYSE:HLT) had its price target increased by equities researchers at Bank of America from $215.00 to $225.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 8.96% from the stock’s current price.

Several other analysts have also issued reports on HLT. Barclays increased their target price on Hilton Worldwide from $200.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. UBS Group raised 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. Evercore ISI reaffirmed an “in-line” rating and issued a $200.00 price objective on shares of Hilton Worldwide in a research note on Monday, February 5th. BMO Capital Markets raised their price objective on Hilton Worldwide from $184.00 to $203.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Finally, Macquarie raised their price objective on Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Eight research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.00.

Hilton Worldwide Trading Up 0.9 %

HLT stock traded up $1.84 during trading hours on Friday, hitting $206.50. 2,347,702 shares of the stock were exchanged, compared to its average volume of 1,519,895. The firm has a market capitalization of $52.07 billion, a P/E ratio of 47.69, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a 50-day simple moving average of $195.69 and a two-hundred day simple moving average of $173.80. Hilton Worldwide has a 12 month low of $129.86 and a 12 month high of $209.71.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.11. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.59 EPS. On average, equities research analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide 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 sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $25,000. Activest Wealth Management purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. boosted its position in shares of 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 buying an additional 56 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Hilton Worldwide during the third quarter valued at approximately $25,000. Institutional investors own 94.71% of the company’s stock.

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.