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

Hilton Worldwide (NYSE:HLT) had its price objective decreased by stock analysts at Mizuho from $245.00 to $242.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price target would suggest a potential upside of 18.22% from the stock’s previous close.

Several other equities research analysts have also weighed in on HLT. UBS Group lifted their price target on Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. HSBC upped their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Barclays upped their price objective on Hilton Worldwide from $204.00 to $216.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Wells Fargo & Company upped their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. Finally, Robert W. Baird upped their price objective on Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $201.78.

Hilton Worldwide Stock Up 3.9 %

Shares of NYSE HLT opened at $204.70 on Tuesday. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79. The business has a 50-day simple moving average of $205.55 and a two-hundred day simple moving average of $184.32. The company has a market cap of $51.45 billion, a P/E ratio of 47.27, a P/E/G ratio of 1.72 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. Hilton Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $1.59 EPS. Equities research analysts anticipate that Hilton Worldwide will post 7.06 EPS for the current year.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

A number of institutional investors have recently made changes to their positions in HLT. OFI Invest Asset Management acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $25,000. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $25,000. Activest Wealth Management purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $26,000. Independence Bank of Kentucky raised its stake in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.