Mizuho Trims Hilton Worldwide (NYSE:HLT) Target Price to $242.00

Hilton Worldwide (NYSE:HLT - Get Free Report) had its target price decreased by equities researchers at Mizuho from $245.00 to $242.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Mizuho's price target points to a potential upside of 22.82% from the stock's current price.

Several other research firms also recently commented on HLT. Truist Financial reiterated a "hold" rating and issued a $199.00 price objective on shares of Hilton Worldwide in a report on Wednesday, March 20th. Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 20th. UBS Group increased their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Barclays increased their price objective on shares of Hilton Worldwide from $204.00 to $216.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Evercore ISI increased their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an "in-line" rating in a research report on Wednesday, March 20th. 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, Hilton Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.78.

Hilton Worldwide Stock Performance

Shares of HLT stock traded up $1.90 on Tuesday, hitting $197.04. 2,141,082 shares of the company's stock traded hands, compared to its average volume of 1,473,923. The stock has a market capitalization of $49.53 billion, a price-to-earnings ratio of 45.07, a P/E/G ratio of 1.72 and a beta of 1.25. Hilton Worldwide has a one year low of $134.43 and a one year high of $215.79. The company's fifty day simple moving average is $205.17 and its 200 day simple moving average is $183.85.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.61 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HLT. Summit Trail Advisors LLC lifted its holdings in shares of Hilton Worldwide by 29.3% in the 1st quarter. Summit Trail Advisors LLC now owns 2,509 shares of the company's stock worth $535,000 after acquiring an additional 569 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Hilton Worldwide by 9.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,655 shares of the company's stock valued at $7,179,000 after acquiring an additional 3,027 shares in the last quarter. Raymond James & Associates grew its stake in Hilton Worldwide by 6.5% during the 1st quarter. Raymond James & Associates now owns 290,108 shares of the company's stock worth $61,883,000 after purchasing an additional 17,710 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Hilton Worldwide by 19.4% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,628 shares of the company's stock worth $987,000 after purchasing an additional 751 shares during the period. Finally, Park Place Capital Corp raised its position in Hilton Worldwide by 11.8% in the 1st quarter. Park Place Capital Corp now owns 5,367 shares of the company's stock valued at $1,145,000 after purchasing an additional 568 shares in the last quarter. 95.90% of the stock is 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.