Hilton Worldwide Holdings Inc. (NYSE:HLT) Receives $238.24 Average Price Target from Analysts

Hilton Worldwide Holdings Inc. (NYSE:HLT) has earned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $238.24.

HLT has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Barclays boosted their target price on shares of Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. TD Cowen dropped their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

Hilton Worldwide Trading Up 0.2 %

Shares of NYSE HLT opened at $256.68 on Thursday. The stock has a 50 day simple moving average of $249.60 and a 200-day simple moving average of $234.56. The company has a market cap of $62.57 billion, a PE ratio of 55.08, a P/E/G ratio of 2.67 and a beta of 1.30. Hilton Worldwide has a 12-month low of $186.83 and a 12-month high of $259.01.

Hilton Worldwide declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Palumbo Wealth Management LLC lifted its position in shares of Hilton Worldwide by 2.0% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after buying an additional 41 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock valued at $468,000 after acquiring an additional 42 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after buying an additional 43 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Hilton Worldwide by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after buying an additional 44 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after buying an additional 46 shares during the period. 95.90% of the stock is owned by institutional investors.

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.