The Goldman Sachs Group Forecasts Strong Price Appreciation for Hilton Worldwide (NYSE:HLT) Stock

Hilton Worldwide (NYSE:HLT) had its target price lifted by research analysts at The Goldman Sachs Group from $317.00 to $330.00 in a research report issued on Tuesday,MarketScreener reports. The Goldman Sachs Group’s price target would indicate a potential upside of 8.21% from the company’s current price.

HLT has been the topic of several other research reports. Morgan Stanley boosted their target price on Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Susquehanna boosted their price objective on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Hilton Worldwide from $286.00 to $299.00 in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday, December 29th. Finally, Robert W. Baird cut their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $304.11.

Hilton Worldwide Stock Performance

NYSE:HLT traded up $2.02 during trading hours on Tuesday, reaching $304.95. The company’s stock had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. The firm has a market capitalization of $70.88 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.54 and a beta of 1.13. The firm has a 50-day simple moving average of $290.06 and a 200-day simple moving average of $275.52. Hilton Worldwide has a 1 year low of $196.04 and a 1 year high of $306.28.

Institutional Trading of Hilton Worldwide

Several large investors have recently bought and sold shares of HLT. Clearstead Trust LLC purchased a new position in Hilton Worldwide in the 2nd quarter worth approximately $30,000. Sagard Holdings Management Inc. bought a new position in Hilton Worldwide during the second quarter valued at approximately $30,000. Caitlin John LLC bought a new stake in Hilton Worldwide in the 3rd quarter worth approximately $32,000. ST Germain D J Co. Inc. purchased a new stake in Hilton Worldwide during the 4th quarter valued at $33,000. Finally, Bank of Jackson Hole Trust boosted its stake in shares of Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after buying an additional 73 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

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.