Robert W. Baird Raises Hilton Worldwide (NYSE:HLT) Price Target to $246.00

Hilton Worldwide (NYSE:HLT - Get Free Report) had its price target boosted by investment analysts at Robert W. Baird from $242.00 to $246.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price would suggest a potential upside of 10.67% from the company's previous close.

HLT has been the topic of several other reports. Macquarie upped their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Truist Financial cut their price objective on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Susquehanna lifted their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Jefferies Financial Group reduced their price target on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays lowered their price objective on shares of Hilton Worldwide from $287.00 to $233.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $244.38.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded down $4.13 during midday trading on Wednesday, hitting $222.28. 548,668 shares of the stock traded hands, compared to its average volume of 1,727,790. The firm has a 50-day moving average of $229.06 and a two-hundred day moving average of $242.60. The firm has a market capitalization of $53.26 billion, a P/E ratio of 36.15, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide has a one year low of $194.93 and a one year high of $275.22.

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, topping analysts' consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. Equities analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in Hilton Worldwide in the fourth quarter valued at $694,787,000. Principal Financial Group Inc. raised its position in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hilton Worldwide by 23,543.6% in the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock valued at $2,397,370,000 after acquiring an additional 1,049,101 shares during the period. JPMorgan Chase & Co. boosted its position in Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after purchasing an additional 919,424 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after purchasing an additional 685,023 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

About Hilton Worldwide

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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