Goldman Sachs Group, Inc. (The) Downgrades Hilton Worldwide Holdings Inc. (HLT) to Buy

Hilton Worldwide Holdings Inc. (NYSE:HLT) was downgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “conviction-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They currently have a $80.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 8.15% from the stock’s previous close.

A number of other equities analysts have also issued reports on HLT. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, September 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, September 22nd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $67.00 price objective on shares of Hilton Worldwide Holdings in a report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating and issued a $78.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, October 27th. Finally, Barclays PLC increased their price objective on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.21.

Shares of Hilton Worldwide Holdings (HLT) traded up $0.59 during midday trading on Tuesday, reaching $73.97. The company’s stock had a trading volume of 1,055,862 shares, compared to its average volume of 2,697,690. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $23,650.00, a PE ratio of 33.76, a P/E/G ratio of 7.66 and a beta of 1.30. Hilton Worldwide Holdings has a 12-month low of $49.93 and a 12-month high of $73.76.

Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. research analysts anticipate that Hilton Worldwide Holdings will post 1.9 EPS for the current fiscal year.

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In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of Hilton Worldwide Holdings stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently modified their holdings of HLT. QS Investors LLC increased its holdings in shares of Hilton Worldwide Holdings by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after purchasing an additional 2,084 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Hilton Worldwide Holdings during the 3rd quarter worth $151,000. Commonwealth Bank of Australia grew its holdings in Hilton Worldwide Holdings by 255.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after acquiring an additional 2,173 shares during the period. Hilton Capital Management LLC acquired a new position in shares of Hilton Worldwide Holdings in the 3rd quarter valued at $208,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Hilton Worldwide Holdings in the 3rd quarter valued at $208,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Holdings Company Profile

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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