Hilton Worldwide (NYSE:HLT) Price Target Raised to $240.00

Hilton Worldwide (NYSE:HLT) had its target price lifted by Wells Fargo & Company from $232.00 to $240.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also commented on HLT. The Goldman Sachs Group upped their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Evercore ISI raised their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Truist Financial upped their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $239.88.

Hilton Worldwide Trading Up 4.7 %

NYSE:HLT opened at $269.89 on Tuesday. The company’s 50 day moving average is $249.92 and its two-hundred day moving average is $235.26. The company has a market cap of $65.79 billion, a PE ratio of 57.92, a P/E/G ratio of 2.67 and a beta of 1.29. Hilton Worldwide has a twelve month low of $186.83 and a twelve month high of $273.78.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. As a group, analysts expect that Hilton Worldwide will post 7 EPS for the current fiscal year.

Hilton Worldwide announced that its Board of Directors has approved a stock repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilton Worldwide

Institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide in the third quarter worth approximately $25,000. Noble Wealth Management PBC purchased a new position in Hilton Worldwide in the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the 4th quarter worth $34,000. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide in the third quarter worth about $38,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

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.