ING Groep NV Makes New Investment in Hyatt Hotels Corporation $H

ING Groep NV purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 184,700 shares of the company’s stock, valued at approximately $26,214,000.

Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Veritas Asset Management LLP bought a new position in Hyatt Hotels during the third quarter valued at approximately $29,067,000. Davidson Investment Advisors purchased a new stake in Hyatt Hotels in the third quarter worth approximately $9,990,000. Vontobel Holding Ltd. grew its position in Hyatt Hotels by 7.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,055 shares of the company’s stock worth $287,000 after purchasing an additional 136 shares during the period. Finally, Malaga Cove Capital LLC raised its stake in Hyatt Hotels by 39.7% during the 2nd quarter. Malaga Cove Capital LLC now owns 9,990 shares of the company’s stock valued at $1,395,000 after buying an additional 2,840 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on H. Wells Fargo & Company began coverage on Hyatt Hotels in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price target on the stock. The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 target price on the stock. Robert W. Baird upped their price target on shares of Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, November 20th. Evercore reissued an “in-line” rating and issued a $175.00 price objective (up previously from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Finally, Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.13.

Hyatt Hotels Stock Up 6.1%

H stock opened at $169.36 on Wednesday. The business’s 50-day moving average price is $162.61 and its 200-day moving average price is $151.69. The stock has a market cap of $16.08 billion, a P/E ratio of -182.11, a PEG ratio of 2.01 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $174.58.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the transaction, the insider directly owned 13,746 shares in the company, valued at $2,281,836. This represents a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Javier Aguila sold 9,548 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the sale, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 23.70% of the stock is owned by insiders.

About Hyatt Hotels

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.