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Hilton Stocks HLT - News Analyzed: 3,762 - Last Week: 100 - Last Month: 498

↗ Hilton Stock (HLT) Factors: Buybacks, Insider Trading, and Ackman's Betting

Hilton Stock (HLT) Factors: Buybacks, Insider Trading, and Ackman's Betting
Many key developments have unfolded for Hilton Worldwide Holdings Inc. (NYSE:HLT). A significant insider selling has seen a company insider offload 23,366 shares. However, insider buying has also been reported, which can often indicate perceived undervalued stock. Notably, Hilton’s stock buyback program has been expanded with a $3.5 billion authorization. This, along with stock purchases by entities such as Groupama Asset Management, implies a confidence in the stock’s performance. However, Hilton stocks faced a slide as the firm warns of a slowdown in leisure travel, further accelerating due to lowered outlook. Q3 revenues and earnings surpassed estimates, though the stock dipped due to the uncertain outlook. Melius has thus downgraded the stock to hold rating due to the rapid price rise. The highlight lies in the firm’s price targets being raised to $268.00 and $277.00 by Barclays and The Goldman Sachs Group respectively. This hints at a bullish market perception. Hilton stocks have soared numerous times, reaching all-time highs from strong growth and robust travel demand. Despite a softer-than-expected outlook, industry trends remain positive with a possibility of acceleration. Finally, a large portion of financier Bill Ackman's portfolio consists of Hilton stocks, signifying belief in their strong potential.

Hilton Stocks HLT News Analytics from Tue, 03 Jan 2017 15:13:41 GMT to Wed, 18 Dec 2024 00:46:48 GMT - Rating 3 - Innovation 0 - Information 5 - Rumor -3

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