Hilton Worldwide (NYSE:HLT) Price Target Lowered to $228.00 at Jefferies Financial Group

Hilton Worldwide (NYSE:HLT) had its price objective dropped by equities research analysts at Jefferies Financial Group from $277.00 to $228.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 14.56% from the stock’s current price.

Several other brokerages have also issued reports on HLT. Morgan Stanley upped their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group raised their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Macquarie boosted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Susquehanna lifted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Truist Financial cut their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $251.50.

Hilton Worldwide Stock Performance

Shares of HLT traded down $2.26 during mid-day trading on Wednesday, hitting $199.02. The company’s stock had a trading volume of 412,917 shares, compared to its average volume of 1,669,036. The stock’s 50-day moving average is $245.34 and its two-hundred day moving average is $244.66. The firm has a market capitalization of $47.69 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. Hilton Worldwide has a one year low of $189.75 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Analysts expect that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Institutional Trading of Hilton Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Czech National Bank grew its stake in Hilton Worldwide by 4.6% in the first quarter. Czech National Bank now owns 55,262 shares of the company’s stock valued at $12,575,000 after purchasing an additional 2,405 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Hilton Worldwide by 1.0% in the first quarter. Rhumbline Advisers now owns 464,810 shares of the company’s stock valued at $105,769,000 after buying an additional 4,622 shares in the last quarter. GAMMA Investing LLC increased its holdings in Hilton Worldwide by 23,543.6% during the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company’s stock worth $2,397,370,000 after buying an additional 1,049,101 shares during the last quarter. Marcum Wealth LLC raised its position in Hilton Worldwide by 5.8% during the first quarter. Marcum Wealth LLC now owns 1,063 shares of the company’s stock worth $242,000 after acquiring an additional 58 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Hilton Worldwide by 7.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,275 shares of the company’s stock valued at $290,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.