Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives Average Rating of “Moderate Buy” from Brokerages

Hilton Worldwide Holdings Inc. (NYSE:HLT) has earned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $293.4118.

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Hilton Worldwide from $332.00 to $338.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Evercore ISI increased their price target on shares of Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. Macquarie raised their target price on Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Susquehanna lifted their price objective on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Finally, Truist Financial increased their target price on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HLT. Vanguard Group Inc. lifted its position in Hilton Worldwide by 0.6% during the third quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock valued at $6,606,172,000 after purchasing an additional 151,984 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hilton Worldwide by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after buying an additional 1,132,880 shares during the last quarter. State Street Corp raised its position in shares of Hilton Worldwide by 0.9% during the 2nd quarter. State Street Corp now owns 9,595,709 shares of the company’s stock valued at $2,555,721,000 after buying an additional 86,689 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hilton Worldwide by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after acquiring an additional 172,121 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Hilton Worldwide by 10.4% in the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after acquiring an additional 567,651 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 2.1%

Shares of NYSE HLT opened at $296.20 on Thursday. The company has a market cap of $68.85 billion, a PE ratio of 42.87, a PEG ratio of 2.47 and a beta of 1.15. The firm’s 50-day moving average price is $285.45 and its 200-day moving average price is $274.19. Hilton Worldwide has a 52-week low of $196.04 and a 52-week high of $306.28.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. As a group, equities research analysts anticipate that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.