Hilton Worldwide (NYSE:HLT) Coverage Initiated at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Hilton Worldwide (NYSE:HLT - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The brokerage set an "overweight" rating and a $282.00 price target on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 13.46% from the stock's current price.

Several other research analysts have also recently issued reports on the company. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Robert W. Baird increased their price target on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley cut their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Barclays decreased their target price on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI reduced their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $249.06.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $248.55 on Monday. Hilton Worldwide has a 1 year low of $196.04 and a 1 year high of $275.22. The firm has a market cap of $59.08 billion, a P/E ratio of 39.20, a PEG ratio of 2.81 and a beta of 1.24. The stock has a fifty day moving average price of $239.63 and a two-hundred day moving average price of $243.38.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results 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 negative return on equity of 49.50% and a net margin of 13.90%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter last year, the business posted $1.53 earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its holdings in Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock worth $651,000 after acquiring an additional 1,740 shares during the period. Amundi lifted its position in shares of Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company's stock worth $232,098,000 after purchasing an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock valued at $55,774,000 after purchasing an additional 4,846 shares during the period. Sowell Financial Services LLC bought a new position in Hilton Worldwide in the 1st quarter worth approximately $314,000. Finally, SVB Wealth LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $1,138,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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