Hilton Worldwide (NYSE:HLT) Price Target Increased to $215.00 by Analysts at Robert W. Baird

Hilton Worldwide (NYSE:HLT) had its price objective increased by research analysts at Robert W. Baird from $212.00 to $215.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 5.03% from the stock’s current price.

Other analysts also recently issued research reports about the company. Jefferies Financial Group lifted their target price on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Truist Financial reiterated a “hold” rating and set a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Bank of America raised their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 20th. Finally, Mizuho cut their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.94.

Hilton Worldwide Stock Up 3.9 %

Shares of HLT stock opened at $204.70 on Thursday. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The firm has a market capitalization of $51.45 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The firm has a fifty day moving average of $205.55 and a 200-day moving average of $184.32.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business posted $1.59 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that Hilton Worldwide will post 7.06 earnings per share for the current year.

Insider Activity

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC increased its position in Hilton Worldwide by 11.7% during the 3rd quarter. CWM LLC now owns 3,995 shares of the company’s stock worth $600,000 after purchasing an additional 419 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Hilton Worldwide in the 3rd quarter valued at $31,000. Czech National Bank grew its position in Hilton Worldwide by 45.9% during the 3rd quarter. Czech National Bank now owns 45,708 shares of the company’s stock worth $6,864,000 after acquiring an additional 14,381 shares during the last quarter. Birch Hill Investment Advisors LLC increased its holdings in Hilton Worldwide by 11.2% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 6,653 shares of the company’s stock worth $999,000 after purchasing an additional 668 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Hilton Worldwide by 6.1% during the third quarter. Ballentine Partners LLC now owns 3,704 shares of the company’s stock valued at $556,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.