Investment analysts at StockNews.com began coverage on shares of Hilton Worldwide (NYSE:HLT – Get Free Report) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.
HLT has been the topic of a number of other reports. Truist Financial raised their price target on shares of Hilton Worldwide from $160.00 to $165.00 in a report on Thursday, April 27th. Barclays raised their price target on shares of Hilton Worldwide from $166.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $151.00 to $161.00 and gave the company an “equal weight” rating in a report on Friday, July 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hilton Worldwide from $137.00 to $142.00 in a report on Thursday, April 27th. Finally, Robert W. Baird raised their price target on shares of Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.53.
Read Our Latest Report on Hilton Worldwide
Hilton Worldwide Stock Performance
Hilton Worldwide (NYSE:HLT – Get Free Report) last posted its earnings results on Wednesday, July 26th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.05. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Hilton Worldwide had a net margin of 13.23% and a negative return on equity of 128.71%. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. Equities analysts expect that Hilton Worldwide will post 6.06 earnings per share for the current fiscal year.
Insider Buying and Selling at Hilton Worldwide
In other Hilton Worldwide news, Director Douglas M. Steenland acquired 695 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was acquired at an average cost of $143.73 per share, for a total transaction of $99,892.35. Following the purchase, the director now owns 26,194 shares in the company, valued at approximately $3,764,863.62. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Laura Fuentes sold 12,513 shares of Hilton Worldwide stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $141.42, for a total transaction of $1,769,588.46. Following the completion of the transaction, the insider now directly owns 5,270 shares of the company’s stock, valued at approximately $745,283.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas M. Steenland bought 695 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were purchased at an average cost of $143.73 per share, with a total value of $99,892.35. Following the completion of the acquisition, the director now owns 26,194 shares in the company, valued at $3,764,863.62. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.
Hedge Funds Weigh In On Hilton Worldwide
Several institutional investors have recently made changes to their positions in the company. Cetera Advisor Networks LLC increased its holdings in Hilton Worldwide by 7.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after acquiring an additional 108 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Hilton Worldwide by 8.0% in the 1st quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock worth $227,000 after acquiring an additional 111 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Hilton Worldwide by 22.9% in the 1st quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after acquiring an additional 637 shares in the last quarter. Synovus Financial Corp increased its holdings in Hilton Worldwide by 8.6% in the 1st quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after acquiring an additional 487 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Hilton Worldwide in the 1st quarter worth $91,000. 93.84% of the stock is owned by hedge funds and other institutional investors.
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.
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