Hilton Worldwide Holdings Inc. (NYSE:HLT) has recently seen a lot of activity. Icon Wealth Advisors LLC, PNC Financial Services Group Inc., B. Metzler seel. Sohn & Co. Holding AG, AIA Group Ltd., and Canoe Financial LP have increased their positions in the company, while Oppenheimer & Co. Inc., Intech Investment Management LLC, Massachusetts Financial Services Co. MA, Ontario Teachers Pension Plan Board, Harvest Portfolios Group Inc., and Crossmark Global Holdings Inc. have reduced their holdings. The company expanded its
stock buyback program by $3.5 Billion, suggesting that management sees the stock as undervalued. Their
Q3 earnings surpassed estimates. However, their stocks dipped as their
outlook seemed lacklustre. Despite concerns about the leisure travel slowdown, Hilton's stocks reached an all-time high of $240.09 thanks to the company's robust growth. Hilton is leveraging its
brand strength for sustained growth and looking into major expansion plans. Despite disappointing Q3 sales, the third quarter of 2024 marks a notable increase in earnings - exceeding expectations - which could be a positive indicator. The overall consensus seems favorable, identifying Hilton Worldwide Holdings Inc. as a potential growth stock.
Hilton Stocks HLT News Analytics from Mon, 03 Jun 2019 07:00:00 GMT to Sat, 23 Nov 2024 14:38:32 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -5
