Zacks Investment Research upgraded shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning. The brokerage currently has $66.00 target price on the stock.
According to Zacks, “Hilton Worldwide Holdings Inc. offers hospitality service. The company is engaged in the ownership, leasing, management, development and franchising of hotels, resorts and timeshare properties. Its portfolio of brand names consists of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare properties under the Hilton Grand Vacations brand. Hilton Worldwide Holdings Inc. is headquartered in McLean, Virginia. “
Several other brokerages have also issued reports on HLT. set a $27.00 price target on Hilton Worldwide Holdings and gave the company a buy rating in a research note on Wednesday, September 14th. Deutsche Bank AG restated a buy rating on shares of Hilton Worldwide Holdings in a research report on Friday, December 23rd. TheStreet upgraded Hilton Worldwide Holdings from a hold rating to a buy rating in a research report on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) began coverage on Hilton Worldwide Holdings in a research report on Thursday, January 5th. They set a buy rating on the stock. Finally, MKM Partners upgraded Hilton Worldwide Holdings from a sell rating to a buy rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Monday, December 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Hilton Worldwide Holdings presently has an average rating of Buy and an average target price of $30.63.
Hilton Worldwide Holdings (NYSE:HLT) traded down 0.23% during trading on Friday, reaching $55.89. The company’s stock had a trading volume of 991,521 shares. The firm has a 50 day moving average price of $54.72 and a 200-day moving average price of $49.47. Hilton Worldwide Holdings has a 52-week low of $33.16 and a 52-week high of $59.76. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 11.95 and a beta of 1.33.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Hilton Worldwide Holdings had a return on equity of 13.84% and a net margin of 13.35%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts expect that Hilton Worldwide Holdings will post $2.60 earnings per share for the current year.
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In other news, insider Kristin Ann Campbell sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $26.21, for a total value of $1,965,750.00. Following the completion of the transaction, the insider now directly owns 391,315 shares of the company’s stock, valued at $10,256,366.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in HLT. Toronto Dominion Bank increased its position in Hilton Worldwide Holdings by 57.3% in the third quarter. Toronto Dominion Bank now owns 4,699 shares of the company’s stock valued at $108,000 after buying an additional 1,712 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in Hilton Worldwide Holdings by 185.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,417 shares of the company’s stock valued at $167,000 after buying an additional 4,817 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Hilton Worldwide Holdings during the second quarter valued at approximately $203,000. Hilton Capital Management LLC purchased a new position in Hilton Worldwide Holdings during the second quarter valued at approximately $203,000. Finally, Stifel Financial Corp purchased a new position in Hilton Worldwide Holdings during the second quarter valued at approximately $215,000.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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