HSBC Issues Positive Forecast for Hilton Worldwide (NYSE:HLT) Stock Price

Hilton Worldwide (NYSE:HLT) had its price target boosted by HSBC from $307.00 to $319.00 in a report published on Friday,MarketScreener reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on HLT. Evercore ISI increased their price objective on Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a research report on Thursday. Macquarie increased their price target on shares of Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Robert W. Baird decreased their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. BMO Capital Markets increased their target price on shares of Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Finally, Sanford C. Bernstein lifted their price target on shares of Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $297.33.

Hilton Worldwide Stock Performance

NYSE HLT opened at $298.02 on Friday. The firm’s fifty day moving average is $286.54 and its two-hundred day moving average is $274.53. Hilton Worldwide has a one year low of $196.04 and a one year high of $306.28. The firm has a market cap of $69.27 billion, a PE ratio of 43.13, a P/E/G ratio of 2.52 and a beta of 1.15.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $3.01 billion. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. Research analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current year.

Institutional Trading of Hilton Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in HLT. NewEdge Advisors LLC raised its stake in Hilton Worldwide by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares during the last quarter. Empowered Funds LLC raised its position in shares of Hilton Worldwide by 37.4% in the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after buying an additional 1,669 shares during the last quarter. Woodline Partners LP boosted its position in Hilton Worldwide by 38.8% during the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after acquiring an additional 5,687 shares during the last quarter. Intech Investment Management LLC grew its stake in Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after acquiring an additional 2,899 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Hilton Worldwide by 182.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after acquiring an additional 215 shares during 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 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.