HSBC Boosts Hilton Worldwide (NYSE:HLT) Price Target to $319.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by equities researchers at HSBC from $307.00 to $319.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the stock. HSBC’s target price suggests a potential upside of 7.94% from the stock’s previous close.

HLT has been the subject of several other research reports. Truist Financial upped their target price on shares of Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group increased their target price on Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research note on Monday, January 12th. BMO Capital Markets boosted 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. Macquarie lifted their price objective on shares of Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein upped their target price on shares of Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $297.33.

Hilton Worldwide Stock Performance

NYSE:HLT traded down $0.38 on Friday, hitting $295.54. 170,644 shares of the stock were exchanged, compared to its average volume of 1,704,425. Hilton Worldwide has a 52 week low of $196.04 and a 52 week high of $306.28. The stock has a market capitalization of $68.69 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 2.52 and a beta of 1.15. The company’s 50-day moving average price is $285.96 and its 200 day moving average price is $274.34.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company earned $1.92 EPS. Hilton Worldwide’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current year.

Institutional Investors Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in HLT. Clearstead Trust LLC bought a new position in Hilton Worldwide during the 2nd quarter worth about $30,000. Sagard Holdings Management Inc. bought a new position in shares of Hilton Worldwide during the second quarter worth about $30,000. Caitlin John LLC acquired a new stake in Hilton Worldwide in the 3rd quarter valued at approximately $32,000. Bank of Jackson Hole Trust lifted its stake in Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in Hilton Worldwide by 52.9% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after acquiring an additional 45 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

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.