Hilton Worldwide Holdings Inc. (HLT) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) from a strong-buy rating to a strong sell rating in a research report report published 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. “

A number of other research firms also recently commented on HLT. set a $27.00 price objective on shares of Hilton Worldwide Holdings and gave the stock a buy rating in a research note on Wednesday, September 14th. Deutsche Bank AG reaffirmed a buy rating on shares of Hilton Worldwide Holdings in a report on Friday, December 23rd. TheStreet raised shares of Hilton Worldwide Holdings from a hold rating to a buy rating in a report on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Hilton Worldwide Holdings in a report on Thursday, January 5th. They issued a buy rating on the stock. Finally, FBR & Co reaffirmed a buy rating and issued a $64.00 target price on shares of Hilton Worldwide Holdings in a report on Sunday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Hilton Worldwide Holdings currently has a consensus rating of Buy and an average target price of $30.63.

Hilton Worldwide Holdings (NYSE:HLT) traded down 0.04% during midday trading on Tuesday, reaching $56.00. The company had a trading volume of 2,781,472 shares. The stock’s 50 day moving average price is $54.72 and its 200-day moving average price is $49.47. Hilton Worldwide Holdings has a one year low of $33.16 and a one year high of $59.76. The firm has a market capitalization of $18.48 billion, a P/E ratio of 11.97 and a beta of 1.33.

Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. Hilton Worldwide Holdings had a net margin of 13.35% and a return on equity of 13.84%. The company earned $2.94 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the business posted $0.23 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Worldwide Holdings will post $2.60 earnings per share for the current year.

WARNING: “Hilton Worldwide Holdings Inc. (HLT) Downgraded to “Strong Sell” at Zacks Investment Research” was published by Sports Perspectives and is the propert of of Sports Perspectives. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://sportsperspectives.com/2017/01/11/hilton-worldwide-holdings-inc-hlt-downgraded-to-strong-sell-at-zacks-investment-research.html.

In other news, insider Kristin Ann Campbell sold 75,000 shares of Hilton Worldwide Holdings stock in a transaction on Monday, December 12th. The shares were sold at an average price of $26.21, for a total transaction of $1,965,750.00. Following the transaction, the insider now owns 391,315 shares in the company, valued at $10,256,366.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its position in shares of Hilton Worldwide Holdings by 1.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 13,954 shares of the company’s stock worth $320,000 after buying an additional 228 shares in the last quarter. IBM Retirement Fund increased its position in shares of Hilton Worldwide Holdings by 1.4% in the second quarter. IBM Retirement Fund now owns 62,105 shares of the company’s stock worth $1,460,000 after buying an additional 865 shares in the last quarter. Tredje AP fonden increased its position in shares of Hilton Worldwide Holdings by 2.0% in the second quarter. Tredje AP fonden now owns 49,465 shares of the company’s stock worth $1,114,000 after buying an additional 986 shares in the last quarter. Hartford Investment Management Co. increased its position in shares of Hilton Worldwide Holdings by 14.3% in the second quarter. Hartford Investment Management Co. now owns 11,490 shares of the company’s stock worth $259,000 after buying an additional 1,437 shares in the last quarter. Finally, DnB Asset Management AS increased its position in shares of Hilton Worldwide Holdings by 3.5% in the third quarter. DnB Asset Management AS now owns 44,900 shares of the company’s stock worth $1,030,000 after buying an additional 1,500 shares in the last quarter.

Hilton Worldwide Holdings Company Profile

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.

5 Day Chart for NYSE:HLT

Receive News & Ratings for Hilton Worldwide Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply