Hilton Worldwide (NYSE:HLT) Price Target Raised to $219.00 at Barclays

Hilton Worldwide (NYSE:HLT - Get Free Report) had its price target upped by equities researchers at Barclays from $216.00 to $219.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 7.39% from the company's previous close.

Other research analysts also recently issued research reports about the stock. TD Cowen lifted their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday. Bank of America boosted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Wells Fargo & Company boosted their target price 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, BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $205.06.

Hilton Worldwide Price Performance

Shares of NYSE:HLT traded down $0.77 during trading hours on Thursday, hitting $203.93. The company's stock had a trading volume of 1,754,527 shares, compared to its average volume of 1,502,412. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 47.10, a P/E/G ratio of 1.75 and a beta of 1.25. The firm's fifty day moving average price is $205.70 and its 200 day moving average price is $184.45.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. The company's quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Christopher J. Nassetta sold 21,489 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares of the company's stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company's stock.

Institutional Trading of Hilton Worldwide

Several hedge funds have recently made changes to their positions in HLT. Norges Bank acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth about $475,073,000. Deutsche Bank AG raised its holdings in Hilton Worldwide by 181.1% in the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company's stock valued at $391,640,000 after acquiring an additional 1,680,156 shares in the last quarter. Gray Foundation acquired a new stake in Hilton Worldwide in the fourth quarter valued at approximately $133,229,000. Artemis Investment Management LLP acquired a new stake in Hilton Worldwide in the fourth quarter valued at approximately $64,221,000. Finally, Kodai Capital Management LP acquired a new stake in Hilton Worldwide in the fourth quarter valued at approximately $55,350,000. 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.