Robert W. Baird Raises Hilton Worldwide (NYSE:HLT) Price Target to $215.00

Hilton Worldwide (NYSE:HLT) had its price objective upped by Robert W. Baird from $212.00 to $215.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 5.03% from the company’s current price.

HLT has been the topic of a number of other reports. TD Cowen raised their price objective on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company raised their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. HSBC upped their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Truist Financial reiterated a “hold” rating and set a $199.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.94.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $204.70 on Thursday. Hilton Worldwide has a 52-week low of $134.43 and a 52-week high of $215.79. The company has a 50-day simple moving average of $205.55 and a two-hundred day simple moving average of $184.32. The company has a market capitalization of $51.45 billion, a price-to-earnings ratio of 47.27, a PEG ratio of 1.75 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm earned $1.59 EPS. Hilton Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Worldwide will post 7.06 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Hilton Worldwide in the 3rd quarter worth about $25,000. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $25,000. Activest Wealth Management acquired a new stake in Hilton Worldwide in the 4th quarter valued at $26,000. Independence Bank of Kentucky grew its position in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.