Hyatt Hotels (NYSE:H) Given New $170.00 Price Target at Wells Fargo & Company

Hyatt Hotels (NYSE:H) had its price objective decreased by Wells Fargo & Company from $172.00 to $170.00 in a research note issued to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Robert W. Baird upped their price target on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Evercore ISI raised their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Friday, November 1st. Finally, Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $156.38.

Hyatt Hotels Stock Performance

Shares of H stock opened at $157.80 on Tuesday. The firm has a 50 day moving average of $157.02 and a 200-day moving average of $152.07. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 11.89 and a beta of 1.48. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a 52 week low of $125.44 and a 52 week high of $168.20.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its holdings in shares of Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after buying an additional 66 shares in the last quarter. PFG Investments LLC grew its position in Hyatt Hotels by 1.5% during the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after acquiring an additional 70 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of Hyatt Hotels by 0.6% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after purchasing an additional 95 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Hyatt Hotels by 21.6% in the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock worth $94,000 after purchasing an additional 110 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.