Hilton Worldwide (NYSE:HLT) Downgraded by Morgan Stanley to Equal Weight

Hilton Worldwide (NYSE:HLT) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, January 17th, Marketbeat reports. They presently have a $84.00 price objective on the stock. Morgan Stanley’s price target points to a potential upside of 2.66% from the company’s previous close.

Several other brokerages also recently issued reports on HLT. Argus upped their price target on shares of Hilton Worldwide from $2.40 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, January 3rd. Raymond James Financial upgraded shares of Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $78.00 to $69.00 in a research report on Monday, January 8th. Wells Fargo & Co downgraded shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $78.00 price target on the stock. in a research report on Monday, November 6th. Goldman Sachs Group downgraded shares of Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price target on the stock. in a research report on Tuesday, November 14th. Finally, B. Riley restated a “neutral” rating on shares of Hilton Worldwide in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.18.

Shares of Hilton Worldwide (NYSE:HLT) traded up $1.39 during midday trading on Wednesday, reaching $81.82. 2,431,986 shares of the company traded hands, compared to its average volume of 2,120,000. The firm has a market cap of $26,180.00, a P/E ratio of 818.20, a price-to-earnings-growth ratio of 6.01 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide has a 1-year low of $55.79 and a 1-year high of $88.11.

Hilton Worldwide announced that its Board of Directors has approved a share repurchase plan on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in HLT. State Street Corp increased its stake in shares of Hilton Worldwide by 141.6% in the 2nd quarter. State Street Corp now owns 7,865,113 shares of the company’s stock valued at $486,454,000 after acquiring an additional 4,609,697 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hilton Worldwide by 46.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after acquiring an additional 4,302,706 shares during the last quarter. Capital International Investors bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at about $267,430,000. JPMorgan Chase & Co. increased its stake in shares of Hilton Worldwide by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after acquiring an additional 2,035,463 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Hilton Worldwide by 13.7% in the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after acquiring an additional 1,448,078 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

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About Hilton Worldwide

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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