Hilton Worldwide (NYSE:HLT) had its price objective raised by Argus from $2.40 to $94.00 in a research report sent to investors on Wednesday, January 3rd, The Fly reports. They currently have a positive rating on the stock.

Several other analysts have also issued reports on the stock. Morgan Stanley restated a buy rating on shares of Hilton Worldwide in a research report on Friday, December 8th. Goldman Sachs Group lowered shares of Hilton Worldwide from a conviction-buy rating to a buy rating and set a $80.00 target price for the company. in a research report on Tuesday, November 14th. B. Riley restated a neutral rating on shares of Hilton Worldwide in a research report on Wednesday, November 1st. Wells Fargo & Co lowered shares of Hilton Worldwide from an outperform rating to a market perform rating and set a $78.00 target price for the company. in a research report on Monday, November 6th. Finally, Royal Bank of Canada reaffirmed a buy rating and set a $70.00 price target on shares of Hilton Worldwide in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Hilton Worldwide has a consensus rating of Buy and a consensus target price of $76.18.

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Shares of Hilton Worldwide (HLT) traded down $0.18 during mid-day trading on Wednesday, hitting $87.10. 488,693 shares of the stock were exchanged, compared to its average volume of 1,711,456. Hilton Worldwide has a 52-week low of $55.79 and a 52-week high of $88.11. The company has a market capitalization of $28,056.54, a price-to-earnings ratio of 793.45, a PEG ratio of 6.55 and a beta of 1.33. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94.

Hilton Worldwide announced that its board has initiated a share buyback plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of HLT. Schwab Charles Investment Management Inc. increased its position in Hilton Worldwide by 131.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after acquiring an additional 421,910 shares during the last quarter. Prudential Financial Inc. increased its position in Hilton Worldwide by 2,231.1% during the second quarter. Prudential Financial Inc. now owns 338,476 shares of the company’s stock valued at $20,934,000 after acquiring an additional 323,956 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Hilton Worldwide by 28.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 15,003 shares of the company’s stock valued at $929,000 after acquiring an additional 3,318 shares during the last quarter. Andra AP fonden increased its position in Hilton Worldwide by 436.2% during the second quarter. Andra AP fonden now owns 21,800 shares of the company’s stock valued at $1,348,000 after acquiring an additional 17,734 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Hilton Worldwide by 29.7% during the second quarter. Pacer Advisors Inc. now owns 5,697 shares of the company’s stock valued at $352,000 after acquiring an additional 1,306 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

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Hilton Worldwide 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.

The Fly

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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