Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Hilton Worldwide Holdings Inc. (NYSE:HLT) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $306.3889.

HLT has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. TD Cowen upped their price objective on Hilton Worldwide from $297.00 to $330.00 in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hilton Worldwide from $286.00 to $299.00 in a research note on Tuesday, February 3rd. Jefferies Financial Group increased their price objective on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Barclays lifted their price objective on shares of Hilton Worldwide from $297.00 to $309.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Hilton Worldwide during the 2nd quarter worth approximately $676,201,000. JPMorgan Chase & Co. lifted its position in shares of Hilton Worldwide by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after buying an additional 1,132,880 shares during the last quarter. Jennison Associates LLC boosted its stake in Hilton Worldwide by 22.4% in the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after acquiring an additional 847,353 shares during the period. Two Sigma Investments LP boosted its position in Hilton Worldwide by 1,222.9% during the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after purchasing an additional 758,930 shares during the period. Finally, Winslow Capital Management LLC boosted its holdings in shares of Hilton Worldwide by 62.6% during the second quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock valued at $504,532,000 after acquiring an additional 729,295 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 1.8%

Shares of HLT opened at $314.32 on Monday. The business has a fifty day moving average of $291.95 and a 200 day moving average of $276.58. The company has a market cap of $73.06 billion, a PE ratio of 45.49, a P/E/G ratio of 2.66 and a beta of 1.13. Hilton Worldwide has a 52-week low of $196.04 and a 52-week high of $314.96.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.