Hilton Worldwide (NYSE:HLT) Price Target Raised to $330.00 at TD Cowen

Hilton Worldwide (NYSE:HLT) had its price target upped by equities research analysts at TD Cowen from $297.00 to $330.00 in a report released on Tuesday,MarketScreener reports. TD Cowen’s price target points to a potential upside of 8.21% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Evercore ISI upped their price target on Hilton Worldwide from $280.00 to $325.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Jefferies Financial Group upped 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. The Goldman Sachs Group upgraded Hilton Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the company from $285.00 to $317.00 in a research note on Monday, December 15th. Finally, Macquarie upped their target price on shares of Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $304.11.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $2.02 during mid-day trading on Tuesday, reaching $304.95. The company had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. Hilton Worldwide has a 12-month low of $196.04 and a 12-month high of $306.28. The company has a market capitalization of $70.88 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.54 and a beta of 1.13. The stock has a fifty day moving average of $290.06 and a two-hundred day moving average of $275.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Hilton Worldwide in the second quarter worth about $676,201,000. JPMorgan Chase & Co. lifted its stake in shares of Hilton Worldwide by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after acquiring an additional 1,132,880 shares during the period. Jennison Associates LLC grew its position in shares of Hilton Worldwide by 22.4% during the 2nd quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock worth $1,233,612,000 after buying an additional 847,353 shares during the period. Two Sigma Investments LP raised its stake in shares of Hilton Worldwide by 1,222.9% during the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after buying an additional 758,930 shares during the last quarter. Finally, Winslow Capital Management LLC boosted its stake in Hilton Worldwide by 62.6% in 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 last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

About Hilton Worldwide

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.