184,700 Shares in Hyatt Hotels Corporation $H Purchased by ING Groep NV

ING Groep NV purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 184,700 shares of the company’s stock, valued at approximately $26,214,000. ING Groep NV owned about 0.19% of Hyatt Hotels at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Hyatt Hotels by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after buying an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Hyatt Hotels by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after acquiring an additional 11,252 shares in the last quarter. Vontobel Holding Ltd. increased its position in Hyatt Hotels by 7.1% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,055 shares of the company’s stock valued at $287,000 after purchasing an additional 136 shares during the period. Callan Family Office LLC bought a new position in Hyatt Hotels in the 2nd quarter worth $416,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Hyatt Hotels by 14.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,043 shares of the company’s stock worth $704,000 after purchasing an additional 646 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research note on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target for the company. Barclays decreased their target price on Hyatt Hotels from $200.00 to $198.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Truist Financial upped their price target on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Stifel Nicolaus raised their price objective on Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a research report on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $172.13.

Insider Activity

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were 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 in the company, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the transaction, the insider owned 13,746 shares in the company, valued at approximately $2,281,836. This represents a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 23.70% of the stock is owned by insiders.

Hyatt Hotels Stock Up 6.1%

Shares of NYSE:H opened at $169.36 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $162.61 and a two-hundred day simple moving average of $151.69. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $174.58. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of -182.11, a PEG ratio of 2.01 and a beta of 1.27.

Hyatt Hotels Profile

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.