Hilton Worldwide (HLT) PT Raised to $87.00
Hilton Worldwide (NYSE:HLT) had its target price increased by equities researchers at B. Riley from $84.00 to $87.00 in a report released on Friday. The firm presently has a “hold” rating on the stock. B. Riley’s price objective would suggest a potential upside of 8.52% from the stock’s previous close. B. Riley also issued estimates for Hilton Worldwide’s Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.67 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.74 EPS and FY2020 earnings at $3.43 EPS.
Other equities research analysts have also recently issued research reports about the stock. Wells Fargo increased their price target on shares of Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. ValuEngine raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Zacks Investment Research cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. SunTrust Banks increased their price target on shares of Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, TheStreet raised shares of Hilton Worldwide from a “c” rating to a “b” rating in a research report on Wednesday, February 14th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Hilton Worldwide presently has an average rating of “Buy” and an average price target of $83.17.
HLT traded down $1.76 during trading on Friday, hitting $80.17. 4,380,152 shares of the stock traded hands, compared to its average volume of 7,303,915. The stock has a market capitalization of $25,899.56, a P/E ratio of 40.09, a PEG ratio of 6.14 and a beta of 1.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.16. Hilton Worldwide has a 12-month low of $58.41 and a 12-month high of $88.11.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of HLT. Arrowstreet Capital Limited Partnership bought a new position in shares of Hilton Worldwide in the 4th quarter worth about $73,431,000. BlackRock Inc. increased its stake in shares of Hilton Worldwide by 7.2% in the 4th quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock worth $1,028,303,000 after acquiring an additional 862,504 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Hilton Worldwide by 203.6% in the 4th quarter. Two Sigma Advisers LP now owns 986,040 shares of the company’s stock worth $78,745,000 after acquiring an additional 661,206 shares in the last quarter. Cbre Clarion Securities LLC increased its stake in shares of Hilton Worldwide by 54.0% in the 4th quarter. Cbre Clarion Securities LLC now owns 1,460,632 shares of the company’s stock worth $116,646,000 after acquiring an additional 511,991 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of Hilton Worldwide by 300.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 494,777 shares of the company’s stock worth $39,513,000 after acquiring an additional 371,101 shares in the last quarter. Institutional investors own 98.79% of the company’s stock.
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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