Hilton Worldwide (NYSE:HLT) Price Target Raised to $164.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by stock analysts at TD Cowen from $148.00 to $164.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. TD Cowen’s price target indicates a potential upside of 4.91% from the company’s previous close.

HLT has been the subject of several other research reports. Sanford C. Bernstein upped their target price on shares of Hilton Worldwide from $152.00 to $161.00 and gave the company a “market perform” rating in a research note on Monday, August 14th. Morgan Stanley lowered their price objective on shares of Hilton Worldwide from $166.00 to $163.00 in a research report on Tuesday, June 27th. SpectralCast reiterated a “maintains” rating on shares of Hilton Worldwide in a report on Tuesday, June 27th. Barclays increased their price target on Hilton Worldwide from $166.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, July 21st. Finally, Robert W. Baird upped their price target on shares of Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $156.00.

Hilton Worldwide Price Performance

Shares of HLT stock traded up $1.59 during trading hours on Tuesday, reaching $156.33. The company had a trading volume of 528,848 shares, compared to its average volume of 1,683,880. Hilton Worldwide has a 1-year low of $116.39 and a 1-year high of $157.14. The firm has a market cap of $40.88 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 1.43 and a beta of 1.25. The company has a 50 day moving average of $150.91 and a 200 day moving average of $144.99.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, July 26th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.05. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Hilton Worldwide had a negative return on equity of 128.71% and a net margin of 13.23%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide will post 6.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Worldwide

A number of institutional investors have recently added to or reduced their stakes in HLT. ETF Managers Group LLC lifted its position in shares of Hilton Worldwide by 1.5% in the first quarter. ETF Managers Group LLC now owns 4,768 shares of the company’s stock valued at $672,000 after buying an additional 71 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Hilton Worldwide by 22.5% during the first quarter. Brown Brothers Harriman & Co. now owns 457 shares of the company’s stock worth $64,000 after purchasing an additional 84 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of Hilton Worldwide by 0.7% in the first quarter. Wealthfront Advisers LLC now owns 12,828 shares of the company’s stock valued at $1,807,000 after purchasing an additional 88 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Hilton Worldwide by 5.0% in the second quarter. Fulton Bank N.A. now owns 1,896 shares of the company’s stock valued at $276,000 after purchasing an additional 90 shares during the period. Finally, Allworth Financial LP lifted its position in Hilton Worldwide by 28.0% during the first quarter. Allworth Financial LP now owns 425 shares of the company’s stock worth $60,000 after acquiring an additional 93 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.