Hilton Worldwide (NYSE:HLT) Given New $318.00 Price Target at JPMorgan Chase & Co.

Hilton Worldwide (NYSE:HLT) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $288.00 to $318.00 in a research note issued to investors on Tuesday,MarketScreener reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 4.28% from the stock’s previous close.

HLT has been the topic of a number of other reports. TD Cowen upped their target price on shares of Hilton Worldwide from $297.00 to $330.00 in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $332.00 to $338.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Susquehanna increased their price target on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Morgan Stanley lifted their price objective on Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Hilton Worldwide from $286.00 to $299.00 in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $304.11.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $2.02 during midday trading on Tuesday, hitting $304.95. The stock had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. The firm has a market cap of $70.88 billion, a P/E ratio of 44.06, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13. Hilton Worldwide has a fifty-two week low of $196.04 and a fifty-two week high of $306.28. The company’s 50-day simple moving average is $290.06 and its 200 day simple moving average is $275.52.

Institutional Investors Weigh In On Hilton Worldwide

Several institutional investors have recently added to or reduced their stakes in HLT. Moss Adams Wealth Advisors LLC increased its holdings in Hilton Worldwide by 2.8% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after purchasing an additional 36 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after buying an additional 37 shares in the last quarter. GLOBALT Investments LLC GA raised its position in Hilton Worldwide by 1.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock valued at $850,000 after buying an additional 38 shares during the last quarter. L2 Asset Management LLC lifted its stake in Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after acquiring an additional 38 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in Hilton Worldwide by 1.3% during the 3rd quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock worth $766,000 after acquiring an additional 39 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

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.