Insider Selling: Hyatt Hotels Insider Sells 7,137 Shares of Stock (H)
Hyatt Hotels (NYSE:H) Insider Robert W.K. Webb sold 7,137 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $60.88, for a total transaction of $434,500.56. Following the transaction, the insider now directly owns 33,927 shares in the company, valued at approximately $2,065,476. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
H has been the subject of a number of recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of Hyatt Hotels in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at Nomura raised their price target on shares of Hyatt Hotels from $59.00 to $73.00 in a research note on Friday, May 30th. Finally, analysts at Robert W. Baird raised their price target on shares of Hyatt Hotels from $56.00 to $61.00 in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.20.
Hyatt Hotels (NYSE:H) traded down 1.00% during mid-day trading on Wednesday, hitting $60.47. 421,964 shares of the company’s stock traded hands. Hyatt Hotels has a 52-week low of $37.74 and a 52-week high of $61.97. The stock’s 50-day moving average is $58.17 and its 200-day moving average is $52.66. The company has a market cap of $9.367 billion and a price-to-earnings ratio of 37.75.
Hyatt Hotels (NYSE:H) last released its earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Hyatt Hotels will post $1.08 earnings per share for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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