Evercore ISI Boosts Hilton Worldwide (NYSE:HLT) Price Target to $240.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by investment analysts at Evercore ISI from $210.00 to $240.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price indicates a potential upside of 0.91% from the stock’s previous close.

HLT has been the topic of several other research reports. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research report on Monday. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. Macquarie lifted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Barclays raised their price objective on Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $217.63.

Hilton Worldwide Stock Down 0.4 %

Shares of HLT traded down $0.98 on Monday, hitting $237.83. The company’s stock had a trading volume of 231,416 shares, compared to its average volume of 1,553,831. The firm’s fifty day moving average price is $222.71 and its 200-day moving average price is $213.42. Hilton Worldwide has a fifty-two week low of $146.36 and a fifty-two week high of $240.00. The firm has a market capitalization of $59.47 billion, a price-to-earnings ratio of 51.70, a P/E/G ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the stock. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Hilton Worldwide during the third quarter valued at approximately $610,000. Keener Financial Planning LLC bought a new stake in Hilton Worldwide in the 3rd quarter valued at $166,000. Allspring Global Investments Holdings LLC lifted its stake in Hilton Worldwide by 17.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 129,325 shares of the company’s stock worth $29,809,000 after purchasing an additional 18,911 shares in the last quarter. AA Financial Advisors LLC boosted its holdings in shares of Hilton Worldwide by 19.9% during the 3rd quarter. AA Financial Advisors LLC now owns 1,720 shares of the company’s stock valued at $396,000 after purchasing an additional 286 shares during the last quarter. Finally, Pelham Capital Ltd. grew its position in shares of Hilton Worldwide by 7.1% during the third quarter. Pelham Capital Ltd. now owns 160,629 shares of the company’s stock valued at $37,025,000 after purchasing an additional 10,703 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.