Hilton Worldwide (NYSE:HLT) Price Target Increased to $240.00 by Analysts at Evercore ISI

Hilton Worldwide (NYSE:HLT) had its price objective hoisted by investment analysts at Evercore ISI from $210.00 to $240.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target would indicate a potential upside of 0.91% from the company’s current price.

Other equities analysts have also issued reports about the stock. Bank of America lifted their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group began coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Macquarie upped their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Truist Financial lowered their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $217.63.

Hilton Worldwide Stock Down 0.4 %

HLT traded down $0.98 during trading hours on Monday, reaching $237.83. 231,416 shares of the company’s stock traded hands, compared to its average volume of 1,553,831. The firm has a 50-day moving average price of $222.71 and a 200 day moving average price of $213.42. The firm has a market capitalization of $59.47 billion, a PE ratio of 51.70, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 52-week low of $146.36 and a 52-week high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. Equities analysts predict that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of HLT. McElhenny Sheffield Capital Management LLC purchased a new stake in Hilton Worldwide during the 3rd quarter worth $610,000. Keener Financial Planning LLC acquired a new stake in Hilton Worldwide during the 3rd quarter valued at $166,000. Allspring Global Investments Holdings LLC boosted its position in Hilton Worldwide by 17.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 129,325 shares of the company’s stock valued at $29,809,000 after buying an additional 18,911 shares during the last quarter. AA Financial Advisors LLC lifted its stake in shares of Hilton Worldwide by 19.9% in the third quarter. AA Financial Advisors LLC now owns 1,720 shares of the company’s stock worth $396,000 after acquiring an additional 286 shares in the last quarter. Finally, Pelham Capital Ltd. grew its stake in Hilton Worldwide by 7.1% during the 3rd quarter. Pelham Capital Ltd. now owns 160,629 shares of the company’s stock valued at $37,025,000 after purchasing an additional 10,703 shares in the last quarter. 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.