Hilton Worldwide (NYSE:HLT) Coverage Initiated by Analysts at Susquehanna

Susquehanna began coverage on shares of Hilton Worldwide (NYSE:HLTGet Free Report) in a research report issued on Friday, Marketbeat reports. The brokerage set a “neutral” rating and a $215.00 price target on the stock. Susquehanna’s price objective suggests a potential downside of 0.41% from the company’s previous close.

A number of other brokerages have also weighed in on HLT. Barclays raised their price target on shares of Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Robert W. Baird raised their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Truist Financial raised their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 20th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $208.00.

Check Out Our Latest Research Report on Hilton Worldwide

Hilton Worldwide Stock Performance

Shares of HLT opened at $215.88 on Friday. The business’s 50-day moving average is $203.55 and its two-hundred day moving average is $197.60. Hilton Worldwide has a fifty-two week low of $136.76 and a fifty-two week high of $218.45. The company has a market capitalization of $53.98 billion, a P/E ratio of 46.93, a P/E/G ratio of 1.91 and a beta of 1.30.

Hilton Worldwide (NYSE:HLTGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (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 business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts forecast that Hilton Worldwide will post 7.07 EPS for the current year.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average price of $199.65 per share, with a total value of $399,300.00. Following the transaction, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Hilton Worldwide by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the last quarter. Putnam Investments LLC lifted its position 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 worth $696,680,000 after purchasing an additional 216,219 shares during the last quarter. Capital World Investors lifted its position in shares of Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares during the last quarter. Norges Bank purchased a new stake in Hilton Worldwide in the fourth quarter valued at $475,073,000. Finally, Northern Trust Corp lifted its position in Hilton Worldwide by 1.9% in the third quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock valued at $370,455,000 after acquiring an additional 46,197 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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