Brokerages Set Hilton Worldwide Holdings Inc. (NYSE:HLT) PT at $241.31

Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) have earned a consensus rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $245.56.

HLT has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Truist Financial cut their target price on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird upped their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley cut their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Evercore ISI lowered their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd.

Hilton Worldwide Trading Up 3.9%

NYSE HLT opened at $252.47 on Friday. Hilton Worldwide has a 1-year low of $194.93 and a 1-year high of $275.22. The company has a market capitalization of $60.01 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 2.86 and a beta of 1.23. The stock’s 50 day moving average is $225.35 and its two-hundred day moving average is $242.81.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS. On average, analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Worldwide

Several large investors have recently made changes to their positions in the business. Fiduciary Trust Co grew its holdings in Hilton Worldwide by 0.5% in the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock valued at $1,810,000 after buying an additional 38 shares in the last quarter. Palumbo Wealth Management LLC boosted its holdings in Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after acquiring an additional 41 shares during the period. Concurrent Investment Advisors LLC boosted its position in Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after buying an additional 43 shares during the period. Apollon Wealth Management LLC boosted its holdings in Hilton Worldwide by 2.9% in the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company’s stock valued at $351,000 after purchasing an additional 44 shares during the period. Finally, First Bank & Trust raised its holdings in Hilton Worldwide by 0.5% in the first quarter. First Bank & Trust now owns 10,439 shares of the company’s stock valued at $2,375,000 after acquiring an additional 48 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.