TD Cowen Increases Hilton Worldwide (NYSE:HLT) Price Target to $230.00

Hilton Worldwide (NYSE:HLTGet Free Report) had its target price upped by investment analysts at TD Cowen from $215.00 to $230.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. TD Cowen’s price target would indicate a potential upside of 9.24% from the company’s current price.

Several other research analysts have also weighed in on HLT. Wells Fargo & Company upped their price target on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. UBS Group boosted their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Macquarie lifted their target price on shares of Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Barclays boosted their price target on shares of Hilton Worldwide from $200.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Get Our Latest Stock Report on HLT

Hilton Worldwide Trading Up 0.0 %

NYSE HLT opened at $210.54 on Wednesday. Hilton Worldwide has a 1 year low of $129.86 and a 1 year high of $211.86. The stock’s 50-day moving average price is $196.78 and its two-hundred day moving average price is $174.45. The company has a market cap of $53.09 billion, a PE ratio of 48.62, a PEG ratio of 1.84 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Hilton Worldwide will post 7.06 EPS for the current fiscal year.

Insider Activity

In related news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.40% of the company’s stock.

Institutional Trading of Hilton Worldwide

Hedge funds have recently added to or reduced their stakes in the business. Syon Capital LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $447,000. Integrated Advisors Network LLC increased its position in Hilton Worldwide by 5.5% during the fourth quarter. Integrated Advisors Network LLC now owns 2,497 shares of the company’s stock worth $455,000 after acquiring an additional 130 shares during the period. Virtu Financial LLC acquired a new position in Hilton Worldwide during the 4th quarter valued at $452,000. Scarborough Advisors LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at $171,000. Finally, Raleigh Capital Management Inc. grew its position in Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 94.71% of the company’s stock.

About Hilton Worldwide

(Get Free Report)

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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