Hilton Worldwide (NYSE:HLT) Given New $305.00 Price Target at Robert W. Baird

Hilton Worldwide (NYSE:HLT) had its price objective hoisted by Robert W. Baird from $285.00 to $305.00 in a report issued on Monday,MarketScreener reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $288.00 to $318.00 in a report on Tuesday. TD Cowen increased their price target on shares of Hilton Worldwide from $297.00 to $330.00 in a research note on Tuesday. Evercore ISI increased their price objective on Hilton Worldwide from $280.00 to $325.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $322.00 to $339.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, HSBC raised their price target on Hilton Worldwide from $307.00 to $319.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.11.

Hilton Worldwide Price Performance

HLT traded up $2.17 during trading on Monday, reaching $305.10. 244,003 shares of the stock traded hands, compared to its average volume of 1,852,886. Hilton Worldwide has a fifty-two week low of $196.04 and a fifty-two week high of $306.28. The stock’s 50-day simple moving average is $290.06 and its two-hundred day simple moving average is $275.52. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13.

Institutional Trading of Hilton Worldwide

A number of large investors have recently bought and sold shares of the stock. Indivisible Partners acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $5,649,000. Swedbank AB lifted its holdings in Hilton Worldwide by 1.4% during the 4th quarter. Swedbank AB now owns 143,587 shares of the company’s stock valued at $41,245,000 after purchasing an additional 1,950 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Hilton Worldwide by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 491,309 shares of the company’s stock valued at $143,944,000 after purchasing an additional 22,249 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Hilton Worldwide by 175.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,875 shares of the company’s stock valued at $539,000 after buying an additional 1,194 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. bought a new stake in Hilton Worldwide during the fourth quarter worth about $221,000. 95.90% of the stock is currently owned by institutional investors.

About Hilton Worldwide

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.