Hilton Worldwide (NYSE:HLT) Reaches New 52-Week High – What’s Next?

Hilton Worldwide Holdings Inc. (NYSE:HLT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $324.65 and last traded at $323.1890, with a volume of 447142 shares. The stock had previously closed at $314.03.

Wall Street Analysts Forecast Growth

HLT has been the subject of several research analyst reports. Morgan Stanley upped their target price on Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Macquarie Infrastructure boosted their price objective on shares of Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Evercore increased their target price on Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. TD Cowen boosted their price target on Hilton Worldwide from $297.00 to $330.00 in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group increased their target price on Hilton Worldwide from $317.00 to $330.00 in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $306.39.

Hilton Worldwide Price Performance

The firm has a fifty day moving average price of $292.57 and a 200-day moving average price of $276.91. The company has a market capitalization of $75.29 billion, a P/E ratio of 46.75, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13.

Hedge Funds Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in HLT. Clearstead Trust LLC purchased a new position in Hilton Worldwide during the second quarter valued at $30,000. Sagard Holdings Management Inc. bought a new position in shares of Hilton Worldwide in the second quarter worth approximately $30,000. ST Germain D J Co. Inc. purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $33,000. Caitlin John LLC purchased a new position in Hilton Worldwide during the third quarter valued at $32,000. Finally, Bank of Jackson Hole Trust lifted its stake in Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.