Hilton Worldwide (NYSE:HLT) Price Target Lowered to $232.00 at Wells Fargo & Company

by · The Cerbat Gem

Hilton Worldwide (NYSE:HLT – Get Free Report) had its target price lowered by analysts at Wells Fargo & Company from $237.00 to $232.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.49% from the stock’s previous close.

HLT has been the subject of a number of other reports. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Mizuho lifted their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial lowered their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $221.21.

Get Our Latest Stock Analysis on HLT

Hilton Worldwide Stock Up 0.9 %

Shares of NYSE:HLT traded up $2.01 during midday trading on Thursday, hitting $235.51. The stock had a trading volume of 347,011 shares, compared to its average volume of 1,558,866. The company has a market capitalization of $58.89 billion, a P/E ratio of 51.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company’s 50-day moving average price is $224.51 and its 200-day moving average price is $213.94. Hilton Worldwide has a fifty-two week low of $147.58 and a fifty-two week high of $240.00.

Hilton Worldwide (NYSE:HLT – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated 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 completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new position in Hilton Worldwide in the 3rd quarter worth about $25,000. Independence Bank of Kentucky grew its holdings in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after acquiring an additional 50 shares during the period. EdgeRock Capital LLC bought a new position in Hilton Worldwide in the second quarter valued at about $33,000. Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide during the 1st quarter valued at about $34,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

(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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