Hilton Worldwide (NYSE:HLT) Upgraded by Dbs Bank to “Strong-Buy” Rating

Hilton Worldwide (NYSE:HLT) was upgraded by Dbs Bank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on HLT. Susquehanna raised their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Robert W. Baird raised their target price on Hilton Worldwide from $242.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Truist Financial lowered their price objective on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley lowered their price objective on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus target price of $245.56.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $252.98 on Wednesday. The firm has a market cap of $60.13 billion, a P/E ratio of 41.13, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The business’s 50 day moving average price is $225.59 and its 200-day moving average price is $242.98.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. As a group, equities analysts predict that Hilton Worldwide will post 7.89 EPS for the current year.

Hedge Funds Weigh In On Hilton Worldwide

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in shares of Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock valued at $651,000 after acquiring an additional 1,740 shares in the last quarter. Amundi lifted its position in shares of Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after buying an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after buying an additional 4,846 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth about $1,138,000. Finally, NewEdge Wealth LLC lifted its position in shares of Hilton Worldwide by 16.8% in the fourth quarter. NewEdge Wealth LLC now owns 7,120 shares of the company’s stock worth $1,760,000 after buying an additional 1,023 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

About Hilton Worldwide

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.