Hilton Worldwide Holdings’ Lock-Up Period Will Expire Tomorrow (NYSE:HLT)

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Hilton Worldwide Holdings (NYSE:HLT)’s lock-up period will expire on Tuesday, June 10th. Hilton Worldwide Holdings had issued 117,640,624 shares in its initial public offering on December 12th, Stock Ratings Network.com reports. The total size of the offering was $2,352,812,480 based on an initial share price of $20.00. After the end of Hilton Worldwide Holdings’ lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

HLT has been the subject of a number of recent research reports. Analysts at Craig Hallum upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. Separately, analysts at Susquehanna raised their price target on shares of Hilton Worldwide Holdings from $26.00 to $27.00 in a research note on Wednesday, May 14th. Finally, analysts at Credit Suisse raised their price target on shares of Hilton Worldwide Holdings from $25.00 to $26.00 in a research note on Monday, May 12th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Hilton Worldwide Holdings has a consensus rating of “Buy” and an average price target of $25.18.

Hilton Worldwide Holdings (NYSE:HLT) traded down 0.13% during mid-day trading on Monday, hitting $23.25. 403,362 shares of the company’s stock traded hands. Hilton Worldwide Holdings has a 52 week low of $20.55 and a 52 week high of $25.75. The stock’s 50-day moving average is $22.16 and its 200-day moving average is $22.01. The company has a market cap of $22.892 billion and a P/E ratio of 43.35.

Hilton Worldwide Holdings (NYSE:HLT) last released its earnings data on Friday, May 9th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Hilton Worldwide Holdings will post $0.66 EPS for the current fiscal year.

Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.

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