Hilton Worldwide (NYSE:HLT) Price Target Cut to $228.00 by Analysts at Jefferies Financial Group

Hilton Worldwide (NYSE:HLT - Get Free Report) had its target price cut by analysts at Jefferies Financial Group from $277.00 to $228.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 9.41% from the company's current price.

Several other research analysts also recently weighed in on HLT. Mizuho restated a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Barclays upped their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Truist Financial lowered their price objective on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $248.88.

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Hilton Worldwide Price Performance

NYSE HLT traded down $4.02 during mid-day trading on Wednesday, hitting $208.39. The company's stock had a trading volume of 1,674,622 shares, compared to its average volume of 1,710,847. Hilton Worldwide has a 52-week low of $193.86 and a 52-week high of $275.22. The stock's fifty day simple moving average is $241.96 and its two-hundred day simple moving average is $244.28. The firm has a market capitalization of $49.93 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, equities analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Insider Transactions at Hilton Worldwide

In related 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 sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company's stock.

Institutional Trading of Hilton Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC raised its holdings in Hilton Worldwide by 6.3% during the first quarter. Park Avenue Securities LLC now owns 7,060 shares of the company's stock worth $1,607,000 after purchasing an additional 421 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of Hilton Worldwide by 15.5% in the first quarter. OLD National Bancorp IN now owns 2,199 shares of the company's stock valued at $500,000 after buying an additional 295 shares during the period. SOA Wealth Advisors LLC. bought a new position in Hilton Worldwide during the first quarter valued at about $2,341,000. UMB Bank n.a. grew its holdings in Hilton Worldwide by 21.2% during the first quarter. UMB Bank n.a. now owns 1,339 shares of the company's stock worth $305,000 after acquiring an additional 234 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in Hilton Worldwide in the 1st quarter valued at about $208,000. 95.90% of the stock is currently 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.