Hilton Worldwide Holdings: Bullish Hedge Funds Place Their Bets

Is Hilton Worldwide Holdings Inc NYSEHLT a Buy Right Now?

The Smart Money Is Getting More Bullish

According to Insider Monkey, 61 hedge funds held stakes in Hilton Worldwide Holdings Inc NYSEHLT as of the end of Q1, an increase from 54 funds in the previous quarter. The total value of these stakes amounted to $1.7 billion, up from $1.5 billion at the end of 2023.

Hilton Worldwide Holdings has shown strong annual revenue growth in recent years, particularly in 2021 and 2022, with growth rates of 51.72% and 38.08%, respectively. The company's net income has also grown significantly over the past five years, from $1.6 billion in 2018 to $4.4 billion in 2022.

Founded in 1919 and headquartered in McLean, VA, Hilton Worldwide Holdings is a hospitality company that owns, leases, manages, and franchises a portfolio of over 6,800 properties in 122 countries and territories. The company's brands include Hilton, Hampton by Hilton, DoubleTree by Hilton, Conrad Hotels & Resorts, and Waldorf Astoria.