Sanford C. Bernstein Downgrades Hilton Worldwide (NYSE:HLT) to Market Perform

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Sanford C. Bernstein lowered shares of Hilton Worldwide (NYSE:HLT) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, PriceTargets.com reports. The firm currently has $161.00 price target on the stock.

Several other analysts have also issued reports on HLT. BMO Capital Markets increased their price objective on Hilton Worldwide from $135.00 to $144.00 and gave the stock a market perform rating in a report on Thursday, October 28th. They noted that the move was a valuation call. Raymond James reiterated an outperform rating and set a $160.00 price objective (up from $148.00) on shares of Hilton Worldwide in a report on Monday, January 3rd. Argus increased their price objective on Hilton Worldwide from $162.00 to $178.00 and gave the stock a buy rating in a report on Tuesday, December 28th. Truist Securities increased their price objective on Hilton Worldwide from $127.00 to $139.00 and gave the stock a hold rating in a report on Thursday, October 28th. Finally, Loop Capital increased their price objective on Hilton Worldwide from $140.00 to $142.00 and gave the stock a hold rating in a report on Thursday, December 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Hilton Worldwide currently has a consensus rating of Hold and a consensus price target of $144.56.

HLT opened at $149.90 on Monday. The stock has a fifty day moving average of $146.44 and a 200-day moving average of $136.02. The firm has a market capitalization of $41.78 billion, a P/E ratio of 1,153.08 and a beta of 1.27. Hilton Worldwide has a 12-month low of $98.57 and a 12-month high of $159.21.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, October 27th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Hilton Worldwide had a net margin of 0.81% and a negative return on equity of 25.13%. Hilton Worldwide’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. On average, equities analysts expect that Hilton Worldwide will post 2.13 earnings per share for the current year.

In related news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $143.43, for a total transaction of $430,290.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin J. Jacobs sold 195,722 shares of Hilton Worldwide stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $28,403,176.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,722 shares of company stock worth $30,773,357. 2.40% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its position in Hilton Worldwide by 8.6% during the second quarter. Public Employees Retirement System of Ohio now owns 160,953 shares of the company’s stock worth $19,414,000 after buying an additional 12,702 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Hilton Worldwide by 97.9% during the second quarter. Rockefeller Capital Management L.P. now owns 34,210 shares of the company’s stock worth $4,125,000 after purchasing an additional 16,921 shares during the period. Employees Retirement System of Texas lifted its stake in Hilton Worldwide by 30.0% during the second quarter. Employees Retirement System of Texas now owns 169,200 shares of the company’s stock worth $20,409,000 after purchasing an additional 39,000 shares during the period. TFG Advisers LLC lifted its stake in Hilton Worldwide by 5.0% during the third quarter. TFG Advisers LLC now owns 2,115 shares of the company’s stock worth $279,000 after purchasing an additional 100 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Hilton Worldwide by 8.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,630 shares of the company’s stock worth $11,776,000 after purchasing an additional 7,930 shares during the period. 96.04% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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