Hilton Worldwide (NYSE: HLT – Get a Rating) had its price target raised by Deutsche Bank Aktiengesellschaft investment analysts from $136.00 to $141.00 in a research report published on Wednesday, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target suggests a potential decline of 5.34% from the stock’s previous close.
Other equity research analysts have also recently published research reports on the company. Morgan Stanley raised its price target on Hilton Worldwide from $135.00 to $136.00 and gave the stock an “equal weight” rating in a Thursday, Feb. 17 report. Jefferies Financial Group raised its price target on Hilton Worldwide from $169.00 to $179.00 and gave the stock a “buy” rating in a Thursday, February 17 report. Raymond James raised his price target on shares of Hilton Worldwide from $160.00 to $170.00 and gave the company an “outperform” rating in a Friday, February 18 research report. Bernstein Bank downgraded shares of Hilton Worldwide from an “outperform” rating to a “market performer” rating and set a price target of $161.00 for the company. in a research report on Monday, January 10. Finally, StockNews.com took over coverage of Hilton Worldwide stocks in a Thursday, March 31 research report. They issued a “maintaining” rating for the company. Eleven research analysts gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $154.64.
Shares of NYSE:HLT opened at $148.96 on Wednesday. Hilton Worldwide has a 12 month minimum of $114.70 and a 12 month maximum of $167.99. The stock has a market capitalization of $41.59 billion, a PE ratio of 102.73 and a beta of 1.16. The company has a 50-day moving average of $149.58 and a 200-day moving average of $147.42.
Hilton Worldwide (NYSE:HLT – Get Rating) last released quarterly earnings data on Tuesday, May 3. The company reported earnings per share (EPS) of $0.71 for the quarter, beating analyst consensus estimates of $0.66 by $0.05. Hilton Worldwide recorded a negative return on equity of 46.88% and a net margin of 7.08%. The company posted revenue of $1.72 billion in the quarter, versus $1.75 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.02. The company’s revenue increased 96.9% year over year. On average, analysts expect Hilton Worldwide to post earnings per share of 3.97 for the current year.
Separately, insider Michael W. Duffy sold 3,654 shares of the company in a trade on Wednesday, March 9. The shares were sold at an average price of $138.50, for a total transaction of $506,079.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Raymond E. Mabus purchased 700 shares in a trade dated Friday, March 11. The shares were purchased at an average price of $144.70 per share, with a total value of $101,290.00. Disclosure of this purchase can be found here. In the past 90 days, insiders have sold 12,657 shares of the company valued at $1,883,800. Insiders of the company own 2.40% of the shares of the company.
Major investors have recently changed their positions in the company. Covestor Ltd acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $25,000. Mystic Asset Management Inc. bought a new stake in shares of Hilton Worldwide in the fourth quarter worth $26,000. Riverview Trust Co bought a new stake in shares of Hilton Worldwide in the first quarter worth $34,000. Concord Wealth Partners increased its stake in shares of Hilton Worldwide by 93.0% in the fourth quarter. Concord Wealth Partners now owns 222 shares of the company worth $35,000 after buying 107 more shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new equity stake in Hilton Worldwide in the fourth quarter at a value of $36,000. Institutional investors hold 97.94% of the company’s shares.
About Hilton Worldwide (Get a rating)
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Property. The company is engaged in hotel management and licensing of its brands. It operates hotels under the names Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.
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