Hilton Worldwide (NYSE:HLT) Now Covered by Analysts at Loop Capital

Loop Capital initiated coverage on shares of Hilton Worldwide (NYSE:HLT) in a research note published on Wednesday morning, Analyst Ratings Network reports. The firm issued a hold rating and a $135.00 price objective on the stock.

HLT has been the subject of several other reports. Citigroup increased their price target on shares of Hilton Worldwide from $137.00 to $162.00 and gave the stock a buy rating in a research note on Wednesday, October 6th. Jefferies Financial Group increased their price target on shares of Hilton Worldwide from $158.00 to $159.00 and gave the stock a buy rating in a research note on Friday, October 1st. Truist increased their price target on shares of Hilton Worldwide from $116.00 to $127.00 and gave the stock a hold rating in a research note on Friday, July 30th. Truist Securities increased their price target on shares of Hilton Worldwide from $116.00 to $127.00 and gave the stock a hold rating in a research note on Friday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hilton Worldwide from $113.00 to $126.00 and gave the company a hold rating in a research note on Friday, July 30th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $128.63.

Shares of NYSE HLT opened at $140.83 on Wednesday. Hilton Worldwide has a 12 month low of $83.62 and a 12 month high of $145.25. The firm has a market capitalization of $39.25 billion, a PE ratio of -139.44 and a beta of 1.25. The firm has a fifty day simple moving average of $129.48 and a two-hundred day simple moving average of $126.45.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, July 29th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.22. Hilton Worldwide had a negative net margin of 6.98% and a negative return on equity of 10.48%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Research analysts expect that Hilton Worldwide will post 2.18 EPS for the current year.

In other news, insider Matthew W. Schuyler sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $121.42, for a total transaction of $364,260.00. Following the sale, the insider now owns 287,953 shares of the company’s stock, valued at approximately $34,963,253.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HLT. Concord Wealth Partners purchased a new position in shares of Hilton Worldwide in the first quarter worth approximately $26,000. Assetmark Inc. boosted its holdings in shares of Hilton Worldwide by 60.6% in the first quarter. Assetmark Inc. now owns 228 shares of the company’s stock worth $28,000 after buying an additional 86 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hilton Worldwide in the second quarter worth approximately $34,000. 1832 Asset Management L.P. boosted its holdings in shares of Hilton Worldwide by 476.4% in the second quarter. 1832 Asset Management L.P. now owns 317 shares of the company’s stock worth $38,000 after buying an additional 262 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Hilton Worldwide by 186.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 412 shares of the company’s stock worth $49,000 after buying an additional 268 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors.

About Hilton Worldwide

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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