TD Cowen Trims Hilton Worldwide (NYSE:HLT) Target Price to $256.00

Hilton Worldwide (NYSE:HLT) had its price objective lowered by TD Cowen from $265.00 to $256.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 8.92% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird boosted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays lowered their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America boosted their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hilton Worldwide from $185.00 to $181.00 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 given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus price target of $223.21.

Hilton Worldwide Trading Up 0.7 %

Shares of NYSE:HLT traded up $1.53 during trading on Thursday, reaching $235.03. 679,163 shares of the stock were exchanged, compared to its average volume of 1,560,478. Hilton Worldwide has a 12 month low of $147.58 and a 12 month high of $240.00. The firm has a market cap of $58.77 billion, a PE ratio of 51.19, a PEG ratio of 2.60 and a beta of 1.31. The stock has a 50-day moving average price of $224.51 and a 200-day moving average price of $213.94.

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

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in HLT. Wealthcare Advisory Partners LLC acquired a new stake in shares of Hilton Worldwide in the 1st quarter worth about $257,000. Wealth Enhancement Advisory Services LLC increased its stake in Hilton Worldwide by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock valued at $1,725,000 after buying an additional 207 shares during the last quarter. 180 Wealth Advisors LLC increased its stake in Hilton Worldwide by 2.4% in the 1st quarter. 180 Wealth Advisors LLC now owns 3,547 shares of the company’s stock valued at $757,000 after buying an additional 84 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide in the 1st quarter valued at about $34,000. Finally, Independence Bank of Kentucky increased its stake in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds 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.