Is Hilton Worldwide Holdings Inc (HLT) A Good Stock To Buy?

Judging by the fact that Hilton Worldwide Holdings Inc (NYSE:HLT) has experienced a declination in interest from hedge fund managers, we can see that there exist a select few hedge funds who sold off their full holdings in the third quarter. At the top of the heap, Ben Gambill’s Tiger Eye Capital said goodbye to the biggest investment of the “upper crust” of funds followed by Insider Monkey, valued at close to $33 million in stock. Mark Kingdon’s fund, Kingdon Capital, also sold off its stock, about $28.3 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Hilton Worldwide Holdings Inc (NYSE:HLT) but similarly valued. We will take a look at Discover Financial Services (NYSE:DFS), Waste Management, Inc. (NYSE:WM), Activision Blizzard, Inc. (NASDAQ:ATVI), and Fiat Chrysler Automobiles NV (NYSE:FCAU). This group of stocks’ market values are closest to HLT’s market value.

As you can see these stocks had an average of 40 hedge funds with bullish positions and the average amount invested in these stocks was $1632 million. That figure was $1488 million in HLT’s case. Discover Financial Services (NYSE:DFS) is the most popular stock in this table. On the other hand Waste Management, Inc. (NYSE:WM) is the least popular one with only 31 bullish hedge fund positions. Hilton Worldwide Holdings Inc (NYSE:HLT) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are most collectively bullish on, such as DFS, which might be a better candidate to consider a long position, in this particular group.