Hilton Worldwide Holdings Inc. (HLT) Lowered to Hold at Zacks Investment Research
Hilton Worldwide Holdings Inc. (NYSE:HLT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Hilton Worldwide Holdings Inc. offers hospitality service. The company is engaged in the ownership, leasing, management, development and franchising of hotels, resorts and timeshare properties. Its portfolio of brand names consists of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare properties under the Hilton Grand Vacations brand. Hilton Worldwide Holdings Inc. is headquartered in McLean, Virginia. “
Several other brokerages also recently issued reports on HLT. Berenberg Bank reissued a “sell” rating and set a $47.00 price target on shares of Hilton Worldwide Holdings in a report on Thursday, July 27th. TheStreet downgraded shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a report on Friday, June 30th. Telsey Advisory Group lifted their price target on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a report on Wednesday, July 26th. Barclays PLC lifted their price target on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Finally, BidaskClub raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Hilton Worldwide Holdings presently has a consensus rating of “Buy” and an average price target of $71.06.
Shares of Hilton Worldwide Holdings (HLT) traded up 1.02% during trading on Tuesday, hitting $71.14. 3,208,220 shares of the stock traded hands. The firm has a 50 day moving average price of $68.47 and a 200-day moving average price of $64.10. Hilton Worldwide Holdings has a one year low of $45.32 and a one year high of $71.54. The company has a market cap of $23.06 billion, a PE ratio of 592.83 and a beta of 1.30.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. Analysts anticipate that Hilton Worldwide Holdings will post $1.84 earnings per share for the current fiscal year.
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In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of HLT. Norges Bank bought a new stake in shares of Hilton Worldwide Holdings during the fourth quarter worth approximately $989,245,000. Cohen & Steers Inc. raised its stake in shares of Hilton Worldwide Holdings by 198,247.5% during the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock worth $336,051,000 after buying an additional 14,908,214 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Hilton Worldwide Holdings during the third quarter worth approximately $224,815,000. Price T Rowe Associates Inc. MD raised its stake in shares of Hilton Worldwide Holdings by 15.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 64,713,738 shares of the company’s stock worth $1,384,874,000 after buying an additional 8,484,580 shares during the last quarter. Finally, OZ Management LP raised its stake in shares of Hilton Worldwide Holdings by 86.3% during the third quarter. OZ Management LP now owns 14,486,936 shares of the company’s stock worth $332,185,000 after buying an additional 6,712,532 shares during the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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