Hilton Worldwide (NYSE:HLT) Price Target Raised to $319.00

Hilton Worldwide (NYSE:HLT) had its target price lifted by HSBC from $307.00 to $319.00 in a report released on Friday morning,MarketScreener reports. HSBC currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Truist Financial boosted their price target on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. The Goldman Sachs Group raised shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $285.00 to $317.00 in a report on Monday, December 15th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Robert W. Baird decreased their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Finally, Morgan Stanley raised their price objective on Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $297.33.

Hilton Worldwide Stock Up 0.7%

NYSE:HLT opened at $298.02 on Friday. The business’s 50-day simple moving average is $286.54 and its two-hundred day simple moving average is $274.56. Hilton Worldwide has a 52 week low of $196.04 and a 52 week high of $306.28. The stock has a market cap of $69.27 billion, a PE ratio of 43.13, a P/E/G ratio of 2.54 and a beta of 1.15.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Trust LLC bought a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $30,000. Sagard Holdings Management Inc. bought a new stake in Hilton Worldwide during the 2nd quarter valued at $30,000. Caitlin John LLC purchased a new stake in shares of Hilton Worldwide in the 3rd quarter worth $32,000. Bank of Jackson Hole Trust grew its position in shares of Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after buying an additional 73 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in shares of Hilton Worldwide by 52.9% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after buying an additional 45 shares during the period. Institutional investors own 95.90% of the company’s stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.