Hilton Worldwide (NYSE:HLT) Price Target Cut to $215.00 by Analysts at Robert W. Baird

Hilton Worldwide (NYSE:HLT) had its target price reduced by equities researchers at Robert W. Baird from $216.00 to $215.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 4.21% from the company’s previous close.

A number of other equities research analysts also recently commented on HLT. Macquarie reaffirmed a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Mizuho lowered their price objective on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective for the company. Barclays boosted their price target on Hilton Worldwide from $219.00 to $228.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Truist Financial boosted their price target on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $209.53.

Hilton Worldwide Trading Up 0.6 %

Shares of NYSE HLT traded up $1.28 during trading on Thursday, reaching $206.32. The company had a trading volume of 1,210,582 shares, compared to its average volume of 1,601,302. Hilton Worldwide has a twelve month low of $146.00 and a twelve month high of $229.03. The stock has a market capitalization of $51.59 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. The stock has a 50-day moving average price of $213.05 and a two-hundred day moving average price of $205.94.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Worldwide will post 7.07 EPS for the current year.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of Hilton Worldwide stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the purchase, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Large investors have recently modified their holdings of the stock. DAVENPORT & Co LLC raised its stake in Hilton Worldwide by 6.4% during the fourth quarter. DAVENPORT & Co LLC now owns 1,575 shares of the company’s stock valued at $287,000 after buying an additional 95 shares in the last quarter. Allworth Financial LP raised its stake in Hilton Worldwide by 33.2% during the fourth quarter. Allworth Financial LP now owns 722 shares of the company’s stock valued at $131,000 after buying an additional 180 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Hilton Worldwide by 2.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,355 shares of the company’s stock valued at $793,000 after buying an additional 109 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $80,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Hilton Worldwide by 50.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,165 shares of the company’s stock valued at $1,305,000 after purchasing an additional 2,401 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.