Wells Fargo & Company Cuts Hyatt Hotels (NYSE:H) Price Target to $170.00

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

Several other equities analysts have also recently weighed in on the company. Cfra set a $155.00 target price on Hyatt Hotels in a research note on Thursday, October 17th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price 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. Macquarie cut their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus price target of $156.38.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $166.52 on Tuesday. Hyatt Hotels has a 12 month low of $125.44 and a 12 month high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock has a market cap of $15.99 billion, a PE ratio of 12.55 and a beta of 1.48. The business has a fifty day simple moving average of $157.28 and a 200-day simple moving average of $152.22.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on 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 $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Hyatt Hotels in the fourth quarter worth $77,136,000. Cullen Frost Bankers Inc. grew its position in Hyatt Hotels by 14.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 69,088 shares of the company’s stock worth $10,845,000 after purchasing an additional 8,510 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Hyatt Hotels by 0.9% during the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock worth $2,049,000 after purchasing an additional 110 shares during the period. Aigen Investment Management LP raised its position in shares of Hyatt Hotels by 15.6% during the fourth quarter. Aigen Investment Management LP now owns 4,715 shares of the company’s stock valued at $740,000 after buying an additional 637 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $7,072,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.