Norges Bank has acquired an impressive sum of 2,811,080 shares in Hilton Worldwide Holdings Inc. (
HLT). It's not the only entity bullish on the hospitality giant, with Hilton repeatedly being touted as the best hospitality and leisure stock to buy. Financial analyst firm Truist Financial maintains a 'hold' on Hilton, which hit an all-time high recently thanks to increased business travel demand and Q4 results exceeding expectations. However, not all analysts share this sentiment, citing the stock as risky and encouraging investors to consider alternatives. Reports show that investment companies like Keystone Investors and Mizuho Securities USA LLC purchased significant Hilton shares recently, while others like Renasant Bank and Catalyst Funds have reduced their holdings. Despite some negative sentiment, Hilton made headlines by approving a massive $3.5B stock repurchasing program, indicating profound confidence in its future.Positive financial news includes the company's record-breaking growth, adding 98,400 rooms, and reporting net income at an impressive $505M. The Q4 earnings and revenues exceeded analysts' expectations, although the hotel giant warned of a potential leisure travel slowdown. Furthermore, the brand aims to leverage its strength for sustained growth, making it a potential longer-term investment.
Hilton Stocks HLT News Analytics from Fri, 21 Jul 2017 06:29:27 GMT to Sat, 29 Mar 2025 14:39:20 GMT -
Rating 8
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