Hilton Worldwide (NYSE:HLT) Price Target Raised to $246.00 at Truist Financial

Hilton Worldwide (NYSE:HLT - Get Free Report) had its price target increased by equities research analysts at Truist Financial from $223.00 to $246.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential downside of 10.05% from the company's previous close.

HLT has been the topic of a number of other reports. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and lifted their target price for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Macquarie lifted their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a report on Wednesday. Morgan Stanley decreased their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a research report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 target price for the company. Finally, Robert W. Baird raised their target price on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a research report on Thursday. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.56.

Hilton Worldwide Stock Up 2.2%

Hilton Worldwide stock traded up $5.93 during mid-day trading on Thursday, hitting $273.50. 1,735,577 shares of the company's stock traded hands, compared to its average volume of 2,179,280. The firm has a 50 day moving average price of $259.41 and a 200 day moving average price of $246.84. The company has a market cap of $64.32 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Hilton Worldwide has a one year low of $196.04 and a one year high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The company had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the firm earned $1.91 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Worldwide

A number of institutional investors have recently made changes to their positions in the business. Fiduciary Trust Co increased its stake in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after purchasing an additional 38 shares during the period. Summit Financial LLC increased its stake in shares of Hilton Worldwide by 4.3% in the first quarter. Summit Financial LLC now owns 968 shares of the company's stock worth $220,000 after purchasing an additional 40 shares during the period. Relyea Zuckerberg Hanson LLC increased its stake in shares of Hilton Worldwide by 2.8% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company's stock worth $385,000 after purchasing an additional 40 shares during the period. Sage Rhino Capital LLC increased its stake in shares of Hilton Worldwide by 4.4% in the second quarter. Sage Rhino Capital LLC now owns 963 shares of the company's stock worth $256,000 after purchasing an additional 41 shares during the period. Finally, KWB Wealth increased its stake in shares of Hilton Worldwide by 2.0% in the second quarter. KWB Wealth now owns 2,135 shares of the company's stock worth $569,000 after purchasing an additional 42 shares during the period. 95.90% of the stock is currently owned by 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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.