Hilton Worldwide (NYSE:HLT) Now Covered by Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide (NYSE:HLT - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage set an "overweight" rating and a $282.00 price target on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 9.34% from the company's current price.

Several other analysts have also issued reports on the stock. Evercore ISI decreased their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird lifted their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Truist Financial cut their price target on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and upped their target price for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $249.06.

Hilton Worldwide Stock Up 1.6%

Shares of Hilton Worldwide stock traded up $4.19 during midday trading on Monday, hitting $257.91. The company's stock had a trading volume of 1,584,666 shares, compared to its average volume of 1,762,922. Hilton Worldwide has a 1-year low of $196.04 and a 1-year high of $275.22. The firm has a market capitalization of $61.30 billion, a P/E ratio of 40.68, a PEG ratio of 2.87 and a beta of 1.24. The stock has a 50-day simple moving average of $242.25 and a 200-day simple moving average of $243.50.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC bought a new position in Hilton Worldwide during the 4th quarter worth about $28,000. ORG Partners LLC lifted its holdings in shares of Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after purchasing an additional 74 shares in the last quarter. Beacon Capital Management LLC boosted its position in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after buying an additional 76 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds 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.