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

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have been assigned a consensus rating of “Hold” from the nineteen analysts that are covering the firm, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $239.88.

HLT has been the topic of several research reports. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial boosted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. TD Cowen lowered their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Mizuho reissued a “neutral” rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLT. GHP Investment Advisors Inc. acquired a new stake in Hilton Worldwide in the 3rd quarter worth approximately $25,000. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide in the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide in the 4th quarter worth approximately $34,000. Groupama Asset Managment lifted its stake in Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after acquiring an additional 4,118 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at $36,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

NYSE HLT opened at $257.51 on Thursday. The stock has a market capitalization of $62.78 billion, a PE ratio of 55.26, a P/E/G ratio of 2.67 and a beta of 1.29. Hilton Worldwide has a 1-year low of $186.83 and a 1-year high of $260.79. The business has a 50 day simple moving average of $249.78 and a two-hundred day simple moving average of $235.11.

Hilton Worldwide announced that its board has approved a stock repurchase plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.