Jefferies Financial Group Upgrades Hilton Worldwide (NYSE:HLT) to Buy

Jefferies Financial Group upgraded shares of Hilton Worldwide (NYSE:HLT) from a hold rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have $296.00 price objective on the stock, up from their prior price objective of $228.00.

Other analysts have also issued research reports about the stock. Mizuho reaffirmed a “neutral” rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Truist Financial reduced their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Raymond James lifted their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average target price of $245.56.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $252.98 on Monday. The stock has a market cap of $60.13 billion, a P/E ratio of 41.13, a P/E/G ratio of 2.86 and a beta of 1.23. The stock’s 50 day simple moving average is $225.59 and its 200-day simple moving average is $242.98. Hilton Worldwide has a 1-year low of $194.93 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. As a group, research analysts expect that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fiduciary Trust Co grew its stake in shares of Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after purchasing an additional 38 shares in the last quarter. Summit Financial LLC boosted its stake in Hilton Worldwide by 4.3% in the first quarter. Summit Financial LLC now owns 968 shares of the company’s stock valued at $220,000 after acquiring an additional 40 shares in the last quarter. Palumbo Wealth Management LLC boosted its stake in Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after acquiring an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after acquiring an additional 43 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in Hilton Worldwide by 2.9% in the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company’s stock valued at $351,000 after acquiring an additional 44 shares in the last quarter. 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.