Hilton Worldwide (NYSE:HLT) Given New $330.00 Price Target at TD Cowen

Hilton Worldwide (NYSE:HLT) had its price target upped by equities research analysts at TD Cowen from $297.00 to $330.00 in a report released on Tuesday,MarketScreener reports. TD Cowen’s target price suggests a potential upside of 8.21% from the stock’s current price.

HLT has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a report on Monday, January 12th. Sanford C. Bernstein increased their price objective on shares of Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group raised shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $285.00 to $317.00 in a research report on Monday, December 15th. BMO Capital Markets increased their target price on Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Finally, Macquarie boosted their price target on Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $304.11.

Hilton Worldwide Price Performance

HLT traded up $2.02 during mid-day trading on Tuesday, hitting $304.95. The stock had a trading volume of 186,677 shares, compared to its average volume of 1,849,858. The stock’s fifty day simple moving average is $290.06 and its 200-day simple moving average is $275.52. The firm has a market capitalization of $70.88 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13. Hilton Worldwide has a 1-year low of $196.04 and a 1-year high of $306.28.

Institutional Trading of Hilton Worldwide

A number of large investors have recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC increased its stake in shares of Hilton Worldwide by 2.8% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after purchasing an additional 36 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Hilton Worldwide by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after acquiring an additional 37 shares during the last quarter. GLOBALT Investments LLC GA raised its stake in Hilton Worldwide by 1.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock valued at $850,000 after acquiring an additional 38 shares during the period. L2 Asset Management LLC boosted its position in Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after purchasing an additional 38 shares during the period. Finally, RMR Wealth Builders increased its holdings in shares of Hilton Worldwide by 1.3% in the third quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock valued at $766,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.