Hilton Hotels (NYSE:HLT) had its price target lifted by Citigroup from $75.00 to $92.00 in a research report report published on Monday, The Fly reports. The firm currently has a neutral rating on the stock.
HLT has been the topic of several other reports. Barclays upgraded shares of Hilton Hotels from an equal weight rating to an overweight rating and set a $90.00 price objective on the stock in a report on Monday, June 22nd. Wells Fargo & Company cut their price objective on shares of Hilton Hotels from $94.00 to $82.00 and set an equal weight rating on the stock in a report on Wednesday, July 22nd. Nomura Instinet increased their price objective on shares of Hilton Hotels from $102.00 to $121.00 and gave the company a buy rating in a report on Tuesday, June 23rd. Jefferies Financial Group upgraded shares of Hilton Hotels from a hold rating to a buy rating and increased their price objective for the company from $72.00 to $101.00 in a report on Friday, August 14th. Finally, Nomura upped their target price on shares of Hilton Hotels from $102.00 to $121.00 in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Hilton Hotels presently has an average rating of Hold and an average price target of $88.63.
Shares of HLT stock opened at $83.86 on Monday. Hilton Hotels has a 1 year low of $44.30 and a 1 year high of $115.48. The firm’s 50 day moving average is $87.91 and its 200-day moving average is $77.97. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 698.83, a PEG ratio of 56.92 and a beta of 1.34.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.30). Hilton Hotels had a net margin of 0.70% and a negative return on equity of 86.95%. The business had revenue of $564.00 million during the quarter, compared to analyst estimates of $854.11 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The company’s quarterly revenue was down 77.3% on a year-over-year basis. Equities research analysts anticipate that Hilton Hotels will post 0.17 earnings per share for the current year.
In other news, insider Martin Rinck sold 2,000 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $88.80, for a total transaction of $177,600.00. Following the completion of the sale, the insider now owns 4,769 shares of the company’s stock, valued at $423,487.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher W. Silcock sold 42,447 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $90.47, for a total transaction of $3,840,180.09. Following the sale, the insider now directly owns 45,682 shares of the company’s stock, valued at approximately $4,132,850.54. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of HLT. Modus Advisors LLC bought a new stake in shares of Hilton Hotels during the second quarter worth $30,000. Flagship Harbor Advisors LLC boosted its holdings in Hilton Hotels by 69.5% during the first quarter. Flagship Harbor Advisors LLC now owns 534 shares of the company’s stock worth $36,000 after purchasing an additional 219 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Hilton Hotels by 178.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 512 shares of the company’s stock worth $38,000 after purchasing an additional 328 shares during the last quarter. Captrust Financial Advisors acquired a new position in Hilton Hotels during the second quarter worth $40,000. Finally, Valeo Financial Advisors LLC boosted its holdings in Hilton Hotels by 351.1% during the second quarter. Valeo Financial Advisors LLC now owns 600 shares of the company’s stock worth $44,000 after purchasing an additional 467 shares during the last quarter. 98.60% of the stock is owned by institutional investors.
About Hilton Hotels
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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