Truist Financial Issues Pessimistic Forecast for Hilton Worldwide (NYSE:HLT) Stock Price

Hilton Worldwide (NYSE:HLT) had its target price cut by research analysts at Truist Financial from $258.00 to $251.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 8.30% from the stock’s current price.

Several other brokerages have also issued reports on HLT. JPMorgan Chase & Co. lifted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Raymond James lifted their target price 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. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Macquarie raised their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $254.53.

Hilton Worldwide Stock Performance

HLT stock opened at $231.75 on Friday. The firm has a market cap of $55.76 billion, a PE ratio of 37.68, a P/E/G ratio of 2.86 and a beta of 1.29. The firm’s fifty day moving average is $252.46 and its 200 day moving average is $244.02. Hilton Worldwide has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Research analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Worldwide

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hilton Worldwide in the third quarter valued at approximately $226,000. Empowered Funds LLC grew its holdings in shares of Hilton Worldwide by 4.8% in the third quarter. Empowered Funds LLC now owns 3,722 shares of the company’s stock valued at $858,000 after purchasing an additional 172 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Hilton Worldwide by 6.8% in the third quarter. Caprock Group LLC now owns 3,696 shares of the company’s stock valued at $852,000 after purchasing an additional 236 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Hilton Worldwide by 6.5% in the third quarter. PNC Financial Services Group Inc. now owns 72,550 shares of the company’s stock valued at $16,723,000 after purchasing an additional 4,399 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.