Hilton Worldwide (NYSE:HLT) Price Target Raised to $290.00 at Raymond James

Hilton Worldwide (NYSE:HLT) had its price objective increased by analysts at Raymond James from $250.00 to $290.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 7.78% from the stock’s current price.

Several other research analysts have also issued reports on the stock. TD Cowen decreased their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Bank of America boosted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Barclays increased their price target on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird lifted their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus target price of $246.61.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $269.06 on Monday. The stock has a market cap of $65.59 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. The business’s fifty day moving average is $250.97 and its 200-day moving average is $236.48. Hilton Worldwide has a 1 year low of $186.83 and a 1 year high of $274.18.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 57.01%. Equities research analysts predict that Hilton Worldwide will post 7.76 earnings per share for the current year.

Hilton Worldwide announced that its board has initiated a share buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction dated 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 sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Hilton Worldwide

Large investors have recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Hilton Worldwide by 4.5% during the third quarter. CWM LLC now owns 6,890 shares of the company’s stock valued at $1,588,000 after purchasing an additional 294 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Hilton Worldwide by 360.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,044 shares of the company’s stock valued at $471,000 after buying an additional 1,600 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Hilton Worldwide by 264.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 999 shares of the company’s stock valued at $230,000 after buying an additional 725 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Hilton Worldwide by 4.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 2,036 shares of the company’s stock worth $469,000 after acquiring an additional 83 shares during the period. Finally, Procyon Advisors LLC boosted its position in shares of Hilton Worldwide by 8.3% during the 3rd quarter. Procyon Advisors LLC now owns 9,441 shares of the company’s stock valued at $2,177,000 after acquiring an additional 721 shares in the last quarter. 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.