Hilton Worldwide (NYSE:HLT) Price Target Cut to $215.00

Hilton Worldwide (NYSE:HLT) had its target price dropped by analysts at Robert W. Baird from $216.00 to $215.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 4.21% from the stock’s current price.

HLT has been the topic of a number of other research reports. Barclays increased their price target on Hilton Worldwide from $219.00 to $228.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Macquarie reaffirmed a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Truist Financial raised their price objective on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $209.53.

Hilton Worldwide Stock Up 0.6 %

NYSE HLT traded up $1.28 during trading hours on Thursday, reaching $206.32. The company’s stock had a trading volume of 1,210,582 shares, compared to its average volume of 1,601,302. The firm’s 50-day moving average price is $213.05 and its 200-day moving average price is $205.94. Hilton Worldwide has a 1 year low of $146.00 and a 1 year high of $229.03. The company has a market capitalization of $51.59 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. Equities research analysts anticipate that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of Hilton Worldwide

Several institutional investors have recently bought and sold shares of HLT. Chase Investment Counsel Corp acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth approximately $2,480,000. Quadrature Capital Ltd acquired a new stake in shares of Hilton Worldwide in the first quarter worth approximately $2,792,000. AIA Group Ltd boosted its stake in shares of Hilton Worldwide by 43.4% in the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after acquiring an additional 4,265 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after acquiring an additional 4,677 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth approximately $447,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.