Hilton Worldwide (NYSE:HLT) Receives New Price Target of $130.00 in Cowen

Hilton Worldwide (NYSE: HLT- Get a rating) had its price target reduced by Cowen Research analysts to $130.00 in a research note released to investors on Friday, Target Stock Advisor reports. Cowen’s price target suggests a potential upside of 7.59% from the stock’s previous close.

HLT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised its price target on shares of Hilton Worldwide from $136.00 to $141.00 in a Wednesday, May 4, report. Evercore ISI upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperforming” rating and lowered its price target for the company from $155.00 to $150.00 in a Monday 11 report. July. StockNews.com began covering shares of Hilton Worldwide in a report on Thursday, March 31. They set a “hold” rating for the company. Finally, Barclays assumed coverage of Hilton Worldwide shares in a Tuesday, June 28 report. They set an “equal weight” rating and a price target of $125.00 for the company. Eleven research analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $151.81.

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Shares of NYSE:HLT traded at $1.14 during Friday’s midday session, hitting $120.83. The company had a trading volume of 2,109,935 shares, compared to an average volume of 2,313,948. The company has a market capitalization of $33.63 billion, a price-earnings ratio of 46.65 and a beta of 1.24. Hilton Worldwide has a 12-month low of $108.41 and a 12-month high of $167.99. The company has a fifty-day moving average of $124.23 and a two-hundred-day moving average of $139.97.

Hilton Worldwide (NYSE: HLT- Get a rating) last reported results on Tuesday, May 3. The company reported earnings per share of $0.71 for the quarter, beating the consensus estimate of $0.60 by $0.11. The company posted revenue of $1.72 billion in the quarter, versus a consensus estimate of $1.75 billion. Hilton Worldwide had a net margin of 11.00% and a negative return on equity of 76.75%. Hilton Worldwide’s quarterly revenue increased 96.9% over the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.02. Research analysts expect Hilton Worldwide to post earnings per share of 4.01 for the current fiscal year.

Insider activity

In other Hilton Worldwide news, Manager Douglas M. Steenland bought 1,967 shares of the company in a transaction that took place on Tuesday, May 24. The stock was purchased at an average price of $127.69 per share, for a total transaction of $251,166.23. Following completion of the transaction, the administrator now directly owns 24,053 shares of the company, valued at approximately $3,071,327.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In related news, insider Matthew W. Schuyler sold 3,000 shares of the company in a trade on Wednesday, June 15. The shares were sold at an average price of $121.31, for a total transaction of $363,930.00. Following the completion of the transaction, the insider now directly owns 256,714 shares of the company, valued at $31,141,975.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Additionally, director Douglas M. Steenland acquired 1,967 shares of the company in a transaction on Tuesday, May 24. The stock was purchased at an average price of $127.69 per share, with a total value of $251,166.23. As a result of the transaction, the administrator now owns 24,053 shares of the company, valued at approximately $3,071,327.57. Disclosure of this purchase can be found here. Insiders sold 9,000 shares of the company valued at $1,126,020 in the past ninety days. 2.40% of the shares are currently held by insiders.

Institutional entries and exits

Major investors have recently changed their stake in the company. Covestor Ltd acquired a new position in shares of Hilton Worldwide in the fourth quarter worth approximately $25,000. Mystic Asset Management Inc. acquired a new position in shares of Hilton Worldwide during the 4th quarter for a value of approximately $26,000. Riverview Trust Co acquired a new position in shares of Hilton Worldwide during Q1 worth approximately $34,000. EverSource Wealth Advisors LLC acquired a new position in shares of Hilton Worldwide during Q4 for a value of approximately $36,000. Finally, Larson Financial Group LLC increased its position in Hilton Worldwide shares by 52.8% during the 4th quarter. Larson Financial Group LLC now owns 243 shares of the company worth $38,000 after buying 84 additional shares in the last quarter. Institutional investors and hedge funds own 97.94% of the company’s shares.

About Hilton Worldwide

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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 Property. The company is engaged in hotel management and licensing of its brands. It operates hotels under the names Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio 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 and Hilton Grand Vacations.

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