Hilton Worldwide (NYSE:HLT) Price Target Raised to $318.00

Hilton Worldwide (NYSE:HLTFree Report) had its price objective lifted by JPMorgan Chase & Co. from $288.00 to $318.00 in a report issued on Tuesday morning, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

Several other equities analysts also recently weighed in on the company. Evercore ISI boosted their target price on Hilton Worldwide from $280.00 to $325.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Macquarie upped their target price on shares of Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Robert W. Baird cut their price target on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. BMO Capital Markets lifted their price objective on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Finally, Truist Financial lifted their target price on Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $306.39.

Read Our Latest Report on HLT

Hilton Worldwide Trading Down 0.1%

Shares of HLT opened at $308.36 on Tuesday. The business’s 50 day moving average is $291.37 and its 200 day moving average is $276.20. Hilton Worldwide has a 12-month low of $196.04 and a 12-month high of $310.40. The company has a market capitalization of $71.67 billion, a PE ratio of 44.63, a price-to-earnings-growth ratio of 2.63 and a beta of 1.13.

Institutional Trading of Hilton Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter worth $30,000. Sagard Holdings Management Inc. purchased a new stake in Hilton Worldwide during the 2nd quarter worth approximately $30,000. Caitlin John LLC acquired a new stake in shares of Hilton Worldwide in the third quarter valued at $32,000. ST Germain D J Co. Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $33,000. Finally, Bank of Jackson Hole Trust lifted its stake in Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after acquiring an additional 73 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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About Hilton Worldwide

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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.

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