Hilton Worldwide (NYSE:HLT) Price Target Increased to $243.00 by Analysts at Mizuho

Hilton Worldwide (NYSE:HLT) had its target price lifted by investment analysts at Mizuho from $237.00 to $243.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 4.06% from the company’s previous close.

A number of other brokerages have also weighed in on HLT. Barclays decreased their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research note on Thursday. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird lifted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective for the company. Finally, Truist Financial dropped their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $221.47.

Hilton Worldwide Trading Down 1.9 %

Hilton Worldwide stock opened at $233.53 on Thursday. Hilton Worldwide has a 1-year low of $147.58 and a 1-year high of $240.00. The firm has a market cap of $58.39 billion, a P/E ratio of 50.77, a P/E/G ratio of 2.60 and a beta of 1.31. The firm has a 50-day moving average of $224.51 and a 200-day moving average of $213.94.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 earnings per share. Research analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Hilton Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in Hilton Worldwide in the first quarter valued at $2,792,000. AIA Group Ltd lifted its holdings in Hilton Worldwide by 43.4% in the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after acquiring an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after purchasing an additional 4,677 shares in the last quarter. PGGM Investments lifted its stake in shares of Hilton Worldwide by 337.6% in the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hilton Worldwide by 25.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock worth $13,219,000 after buying an additional 12,740 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

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.