Hilton Worldwide (NYSE:HLT) Stock Price Expected to Rise, Citigroup Analyst Says

Hilton Worldwide (NYSE:HLT) had its price target hoisted by analysts at Citigroup from $335.00 to $400.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s price target points to a potential upside of 9.58% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their price target on Hilton Worldwide from $360.00 to $362.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Susquehanna upped their price target on shares of Hilton Worldwide from $345.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Truist Financial lifted their price target on shares of Hilton Worldwide from $312.00 to $316.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. TD Cowen raised Hilton Worldwide to a “strong-buy” rating in a report on Tuesday, September 8th. Finally, Freedom Broker initiated coverage on shares of Hilton Worldwide in a research report on Wednesday, October 14th. They issued a “buy” rating and a $359.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.08.

Hilton Worldwide Trading Up 0.1%

Shares of HLT stock traded up $0.31 during trading on Tuesday, hitting $365.02. The company’s stock had a trading volume of 614,265 shares, compared to its average volume of 1,901,398. The business has a fifty day moving average of $325.78 and a 200-day moving average of $321.08. The company has a market cap of $81.22 billion, a PE ratio of 49.31, a P/E/G ratio of 2.74 and a beta of 1.10. Hilton Worldwide has a 52 week low of $256.24 and a 52 week high of $368.49.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $3.37 billion. Hilton Worldwide had a net margin of 13.40% and a negative return on equity of 33.78%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. As a group, research analysts predict that Hilton Worldwide will post 9.17 EPS for the current year.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 7,289 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the transaction, the insider owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. This trade represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Jacobs sold 151,050 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $356.19, for a total value of $53,802,499.50. Following the sale, the insider owned 293,758 shares of the company’s stock, valued at $104,633,662.02. This trade represents a 33.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 158,778 shares of company stock worth $56,196,944 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds have recently modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide in the 2nd quarter worth about $25,000. Trust Co. of Vermont purchased a new position in shares of Hilton Worldwide in the second quarter valued at $26,000. IMG Wealth Management Inc. acquired a new stake in Hilton Worldwide during the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC grew its holdings in Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Hilton Worldwide during the 2nd quarter worth $31,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.