Hilton Worldwide (NYSE:HLT) Price Target Raised to $226.00 at JPMorgan Chase & Co.

Hilton Worldwide (NYSE:HLT) had its price objective increased by analysts at JPMorgan Chase & Co. from $219.00 to $226.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 11.69% from the company’s current price.

HLT has been the topic of several other reports. Truist Financial increased their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird increased their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays reduced their price objective on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company lowered their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $231.18.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $255.91 on Friday. The stock has a 50-day simple moving average of $244.57 and a 200 day simple moving average of $225.09. The stock has a market capitalization of $62.39 billion, a P/E ratio of 54.92, a PEG ratio of 3.23 and a beta of 1.30. Hilton Worldwide has a 52 week low of $175.80 and a 52 week high of $259.01.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that Hilton Worldwide will post 7 earnings per share for the current year.

Hilton Worldwide announced that its board has authorized a stock repurchase plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

Several hedge funds have recently modified their holdings of HLT. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide in the third quarter valued at about $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter valued at approximately $33,000. Groupama Asset Managment raised its holdings in Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after buying an additional 4,118 shares during the last quarter. NewSquare Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter worth approximately $37,000. Finally, Family Firm Inc. bought a new stake in Hilton Worldwide during the 2nd quarter worth approximately $38,000. 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.