Barclays Increases Hyatt Hotels (NYSE:H) Price Target to $220.00

Hyatt Hotels (NYSE:HGet Free Report) had its target price boosted by investment analysts at Barclays from $200.00 to $220.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 16.06% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Sanford C. Bernstein upped their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a report on Wednesday, June 24th. Truist Financial upped their target price on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Mizuho raised their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and an average target price of $197.57.

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Hyatt Hotels Stock Performance

NYSE:H opened at $189.56 on Tuesday. Hyatt Hotels has a 12 month low of $133.51 and a 12 month high of $206.86. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $17.85 billion, a PE ratio of -541.61 and a beta of 1.32. The business’s fifty day moving average price is $187.76 and its 200 day moving average price is $169.42.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm posted $0.46 EPS. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David Udell sold 2,087 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the sale, the insider owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Sears sold 10,217 shares of Hyatt Hotels stock in a transaction on Friday, May 29th. The shares were sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the completion of the transaction, the insider owned 6,374 shares in the company, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,224 shares of company stock worth $4,173,605 over the last three months. 23.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently added to or reduced their stakes in H. Wellington Management Group LLP increased its holdings in shares of Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP lifted its position in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Hyatt Hotels by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after purchasing an additional 43,733 shares during the last quarter. Bank of America Corp DE boosted its position in Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after acquiring an additional 193,530 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hyatt Hotels by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock worth $120,153,000 after purchasing an additional 6,849 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

About Hyatt Hotels

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Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

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