Truist Financial Boosts Hilton Worldwide (NYSE:HLT) Price Target to $220.00

Hilton Worldwide (NYSE:HLT) had its price target increased by equities researchers at Truist Financial from $208.00 to $220.00 in a report released on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential downside of 6.67% from the company’s current price.

Several other research analysts also recently weighed in on the company. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company reduced their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday. Mizuho upped their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $221.84.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $2.22 during mid-day trading on Thursday, hitting $235.72. 517,064 shares of the company were exchanged, compared to its average volume of 1,559,691. Hilton Worldwide has a 12-month low of $147.58 and a 12-month high of $240.00. The business’s 50 day simple moving average is $224.51 and its two-hundred day simple moving average is $213.94. The company has a market capitalization of $58.94 billion, a P/E ratio of 51.24, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. Equities research analysts predict that Hilton Worldwide will post 7.05 earnings per share for the current year.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were 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 directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in shares of Hilton Worldwide in the third quarter worth about $25,000. Independence Bank of Kentucky increased its holdings in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at approximately $33,000. Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide during the 1st quarter valued at approximately $34,000. Finally, Manchester Capital Management LLC increased its stake in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. 95.90% of the stock is 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.