Hilton Worldwide (NYSE:HLT – Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from $219.00 to $226.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 10.59% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. TD Cowen reduced their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Evercore ISI lifted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Truist Financial increased their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Barclays lowered their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and an average target price of $232.65.
View Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Stock Performance
Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Hilton Worldwide will post 7 EPS for the current year.
Hilton Worldwide announced that its Board of Directors has approved a share buyback program on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling
In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 38.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.
Institutional Trading of Hilton Worldwide
A number of hedge funds and other institutional investors have recently modified their holdings of HLT. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide in the third quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide in the 2nd quarter valued at approximately $33,000. Ashton Thomas Securities LLC bought a new position in shares of Hilton Worldwide in the third quarter valued at $38,000. NewSquare Capital LLC acquired a new position in Hilton Worldwide during the second quarter worth $37,000. Finally, Family Firm Inc. bought a new stake in Hilton Worldwide during the second quarter worth $38,000. Institutional investors and hedge funds 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.
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