Hilton Worldwide Holdings Inc. (NYSE:HLT) reportedly came under selling pressure recently with reductions in stock holdings by
Park Place Capital Corp,
International Assets Investment Management LLC and
Nordea Investment Management AB. However, these actions were offset by increased holdings by other investors such as
HB Wealth Management LLC,
SeaTown Holdings Pte. Ltd. and
Avanza Fonder AB that made itself a new $4.26 million investment. In addition, Hilton's Q3 earnings and revenues beat estimates, but the stock took a dip due to the hotel giant's lackluster outlook. Notwithstanding the soft expectations, billionaire investor
Bill Ackman remains bullish on Hilton, with his fund,
Pershing Square, holding a significant percentage of its portfolio in the hotel stock. In terms of financial performance, Hilton's stock surged to an all-time high of $250.69 amid robust growth and the company increased its stock repurchase authorization by $3.5 billion. On the downside, hotel stocks, including Hilton's, were affected by the company's lowered outlook for leisure travel. While there continue to be questions about Hilton's overall growth, the company's investors have enjoyed a stellar return over the last five years.
Hilton Stocks HLT News Analytics from Tue, 19 Jan 2016 08:00:00 GMT to Thu, 23 Jan 2025 15:03:27 GMT -
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