Hilton Worldwide (NYSE:HLT) PT Raised to $185.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by Deutsche Bank Aktiengesellschaft from $176.00 to $185.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 8.47% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. HSBC raised their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Bank of America raised their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. TD Cowen raised their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Macquarie reaffirmed a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

Hilton Worldwide Trading Down 0.9 %

NYSE HLT opened at $202.12 on Thursday. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79. The stock has a market cap of $50.54 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. The company has a 50-day moving average price of $205.79 and a two-hundred day moving average price of $184.82.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Hilton Worldwide’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Hilton Worldwide will post 7.07 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Putnam Investments LLC raised its holdings in shares of Hilton Worldwide by 6.0% during the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after purchasing an additional 216,219 shares in the last quarter. Norges Bank bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $475,073,000. Deutsche Bank AG raised its holdings in Hilton Worldwide by 181.1% in the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after acquiring an additional 1,680,156 shares during the period. Northern Trust Corp raised its holdings in Hilton Worldwide by 1.9% in the 3rd quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock worth $370,455,000 after acquiring an additional 46,197 shares during the period. Finally, TD Asset Management Inc raised its holdings in Hilton Worldwide by 16.2% in the 4th quarter. TD Asset Management Inc now owns 2,074,498 shares of the company’s stock worth $377,745,000 after acquiring an additional 288,587 shares during the period. 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.