Hilton Worldwide’s (HLT) “Neutral” Rating Reaffirmed at Mizuho

Hilton Worldwide (NYSE:HLT)‘s stock had its “neutral” rating reissued by stock analysts at Mizuho in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $263.00 target price on the stock, up from their prior target price of $243.00. Mizuho’s price target suggests a potential upside of 1.61% from the company’s previous close.

A number of other analysts have also issued reports on HLT. Truist Financial raised their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Barclays increased their target price on Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company upped their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $239.88.

Hilton Worldwide Stock Performance

HLT stock opened at $258.85 on Wednesday. Hilton Worldwide has a one year low of $186.83 and a one year high of $259.21. The stock has a market capitalization of $63.10 billion, a P/E ratio of 55.55, a PEG ratio of 2.67 and a beta of 1.29. The company has a 50 day moving average price of $249.78 and a two-hundred day moving average price of $235.11.

Hilton Worldwide announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Hilton Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Palumbo Wealth Management LLC grew its stake in Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after buying an additional 41 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock valued at $468,000 after acquiring an additional 42 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after acquiring an additional 43 shares during the period. Harbor Capital Advisors Inc. lifted its position in Hilton Worldwide by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after purchasing an additional 44 shares during the last quarter. Finally, Graypoint LLC boosted its stake in Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after purchasing an additional 47 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.